Supply Last Active ≥ 1Y shows what share of current supply has remained unspent for at least one year. It is the broadest long-term dormancy threshold in this family, so it captures supply that has already moved beyond short-cycle behavior into older held cohorts.
A rising line means more supply is aging past the one-year mark. A falling line means some of that dormant supply has been spent and reset younger. It is most useful beside HODL Waves and the deeper ≥2Y threshold.
The key caveat is breadth. This threshold responds earlier and more broadly than the deeper variants, so it is a read on general long-term dormancy, not on very old or especially immobile supply.
Read full methodology