Data Analysis
Measured by Clometrix
Bitcoin's volatility ratio was 2.07x, against 1.45x for a typical Durable Orders Ex Transportation release since 2021. Its volume ratio was 3.38x, against a typical 1.59x. That is a strong reaction by this release's own standard. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
How Bitcoin moved
Bitcoin was at $64,522.55 when the figure came out. Fifteen minutes later it was 0.13% higher, and an hour later 0.23% lower. Its high-to-low range in the hour after was 0.61% of its price, against 0.42% in the hour before.
The release
Released by the Bureau of Census on 26 September 2024 at 8:30 AM EDT. The Durable Goods Orders Excluding Transportation came in at 0.6% for August 2024, against -0.4% in July 2024. Durable goods orders excluding transportation are rising again, after a fall.
It arrived at the same moment as Durable Goods Orders, Gross Domestic Product Report, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, Durable Orders Ex Transportation releases in the two weeks before a Fed decision have moved Bitcoin about as much as those at other times: a median volatility ratio of 1.48x across 19, against 1.43x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 2.07x compares with 1.43x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 68 Durable Orders Ex Transportation releases since 2021, Bitcoin's median volatility ratio is 1.45x.
About Durable Goods Orders Excluding Transportation
The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders ex transportation reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) excluding transportation equipment in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
BTC-USDT
Bitcoin
Open
63,263.37Close
65,155.9924h Change
1892.62 (2.90%)24h High
65,839.0024h Low
62,670.0024h Volume
28,371 BTCUS Durable Goods Orders Excluding Transportation
Bureau of Census
26th September, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 64511.78 | 64528.00 | 64511.77 | 64522.56 | 0.02% | 0.03% | 9 BTC |
| During | 64522.55 | 64698.23 | 64500.00 | 64646.00 | 0.19% | 0.31% | 169 BTC |
| 5 Minutes | |||||||
| Before | 64538.35 | 64565.43 | 64496.97 | 64522.56 | -0.02% | 0.11% | 74 BTC |
| During | 64522.55 | 64720.00 | 64418.00 | 64436.95 | -0.13% | 0.47% | 420 BTC |
| 10 Minutes | |||||||
| Before | 64482.01 | 64565.43 | 64440.00 | 64522.56 | 0.06% | 0.19% | 251 BTC |
| During | 64522.55 | 64720.00 | 64376.25 | 64413.87 | -0.17% | 0.53% | 537 BTC |
| 15 Minutes | |||||||
| Before | 64412.01 | 64565.43 | 64379.90 | 64522.56 | 0.17% | 0.29% | 356 BTC |
| During | 64522.55 | 64720.00 | 64376.25 | 64609.48 | 0.13% | 0.53% | 671 BTC |
| 30 Minutes | |||||||
| Before | 64393.98 | 64565.43 | 64321.42 | 64522.56 | 0.20% | 0.38% | 649 BTC |
| During | 64522.55 | 64720.00 | 64376.25 | 64481.82 | -0.06% | 0.53% | 917 BTC |
| 1 Hour | |||||||
| Before | 64334.00 | 64565.43 | 64295.77 | 64522.56 | 0.29% | 0.42% | 1,076 BTC |
| During | 64522.55 | 64720.00 | 64326.01 | 64374.51 | -0.23% | 0.61% | 1,489 BTC |
| 2 Hours | |||||||
| Before | 64207.37 | 64565.43 | 64191.49 | 64522.56 | 0.49% | 0.58% | 2,909 BTC |
| During | 64522.55 | 65200.00 | 64150.00 | 64695.76 | 0.27% | 1.61% | 5,679 BTC |
| 4 Hours | |||||||
| Before | 63802.00 | 64565.43 | 63595.67 | 64522.56 | 1.12% | 1.50% | 4,578 BTC |
| During | 64522.55 | 65550.00 | 64150.00 | 65435.21 | 1.39% | 2.14% | 11,153 BTC |
| 6 Hours | |||||||
| Before | 63665.09 | 64565.43 | 63595.67 | 64522.56 | 1.33% | 1.50% | 5,699 BTC |
| During | 64522.55 | 65839.00 | 64150.00 | 65084.04 | 0.86% | 2.57% | 14,231 BTC |
| 8 Hours | |||||||
| Before | 63263.37 | 63892.59 | 62670.00 | 63802.00 | 0.84% | 1.91% | 5,232 BTC |
| During | 63802.00 | 65550.00 | 63595.67 | 65435.21 | 2.50% | 2.98% | 15,731 BTC |
| 12 Hours | |||||||
| Before | 63263.37 | 64565.43 | 62670.00 | 64522.56 | 1.95% | 2.94% | 9,811 BTC |
| During | 64522.55 | 65839.00 | 64150.00 | 65155.99 | 0.97% | 2.57% | 18,560 BTC |
