https://aeond.org/tags/on-chain-analysis/Recent content in On-Chain Analysis on AeonD.org – On-Chain Data DailyHugoenSat, 13 Jun 2026 00:30:00 +0000https://aeond.org/btc-difficulty-retarget-953568/Sat, 13 Jun 2026 00:30:00 +0000https://aeond.org/btc-difficulty-retarget-953568/Bitcoin’s mining difficulty dropped 10.09% at block 953,568 — the largest negative retarget since early 2025 and the deepest single adjustment in over 12 months. This report examines the mechanics behind the drop, the current mining pool landscape, and what the difficulty volatility signals about Bitcoin’s mining sector in mid-2026.https://aeond.org/btc-cdd-price-divergence-952769/Sun, 07 Jun 2026 00:30:00 +0000https://aeond.org/btc-cdd-price-divergence-952769/At block 952,769, Bitcoin’s Coin Days Destroyed (CDD) has fallen to approximately 9.55M — the lowest since the June 2 spike of 16.15M — while price holds steady at $61,789. This report examines the structural decoupling of CDD from price action, tracking how vintage coin holders enter a deeper dormancy phase even as market conditions remain favorable for distribution.https://aeond.org/btc-dormant-utxo-microstructure/Sat, 06 Jun 2026 00:30:00 +0000https://aeond.org/btc-dormant-utxo-microstructure/A granular examination of dormant Bitcoin UTXO movements in early June 2026, analyzing the age, size, fee signature, and market impact patterns of specific vintage coin awakening events. At block 952,653 with CDD at 8.22M, this report dissects the microstructure of two distinct awakening archetypes: the precision move and the whale cascade.https://aeond.org/btc-realized-cap-mvrv-analysis/Fri, 05 Jun 2026 00:30:00 +0000https://aeond.org/btc-realized-cap-mvrv-analysis/Bitcoin’s realized cap stands at an estimated $540-580B as of block 952,537 — roughly 44-47% of the $1.24T market cap, implying a MVRV ratio of 2.1-2.3. This report traces realized cap across UTXO age bands, revealing that 2010-2013 vintage coins carry an average cost basis of under $100 while 2025-2026 coins average over $67,000 — creating the widest cost-basis dispersion in Bitcoin’s history.https://aeond.org/btc-fee-market-collapse-june-2026/Fri, 05 Jun 2026 00:30:00 +0000https://aeond.org/btc-fee-market-collapse-june-2026/Bitcoin’s fee market has collapsed to sub-$1 levels in early June 2026, with recommended fees at 1 sat/vB across all priority tiers. At block 952,414, the mempool holds just ~105,000 unconfirmed transactions — a fraction of its 2023 peak of 500,000+ — while network hashrate has reached 988 EH/s. This report examines what the fee trough reveals about Bitcoin’s structural demand shift and its implications for vintage coin holders facing the ’to move or not to move’ decision.https://aeond.org/exchange-reserve-depletion-2026/Wed, 03 Jun 2026 12:00:00 +0000https://aeond.org/exchange-reserve-depletion-2026/Bitcoin exchange reserves have declined to multi-year lows as vintage UTXOs — coins minted before 2017 — lead a wave of withdrawals. Our on-chain analysis reveals that 62% of all BTC withdrawn from exchanges in May-June 2026 originated from wallets with an average coin age exceeding 3 years.