How Uniswap reacted to Durable Goods Orders on 27 February 2025

The short answer

Hardly a reaction. In the 15 minutes after the figure came out, Uniswap's price swung 1.35 times as much as in a normal 15 minutes that day. For a Durable Orders release, 1.26 times is usual. An hour later the price was 0.12% lower.

1.35x

Quiet

Trading (volume ratio)
1.09x
usual for Durable Orders: 1.19x
Price at 8:30 AM
$8.190
15 minutes later
0.00%
One hour later
−0.12%
range 1.71%, hour before 0.73%
UNI/USDT, 15 minutes candles around the release, 8:30 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
8.070
Close
7.710
24h change
-4.67%
24h high
8.300
24h low
7.690
24h volume
4.118M UNI

The release

Released by the Bureau of Census on 27 February 2025 at 8:30 AM EST. Durable Goods Orders came in at 0.2% for January 2025, against 0.8% in December 2024. Durable goods orders are still rising, but more slowly than before.

It arrived at the same moment as Durable Goods Orders Excluding Transportation, Gross Domestic Product Report, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

Measured by Clometrix

Uniswap's volatility ratio was 1.35x, against 1.26x for a typical Durable Orders release since 2021. Its volume ratio was 1.09x, against a typical 1.19x. Under 1.5x is not a reaction at all: the market barely noticed this release. 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 Uniswap moved

Uniswap was at $8.190 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 0.12% lower. Its high-to-low range in the hour after was 1.71% of its price, against 0.73% in the hour before.

What made it matter

Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Uniswap about as much as those at other times: a median volatility ratio of 1.26x across 20, against 1.26x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 1.35x compares with 1.26x for those, about what its circumstances would suggest.

How it compares

Across 69 Durable Orders releases since 2021, Uniswap's usual price swing is 1.26x. This one was 1.07 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Durable Orders's usual, 1.26x. Thick line: this release, 1.35x. Under 1.5x counts as no reaction at all.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After High Low Close Change Range Range before Volume
1 minute 8.21 8.18 8.21 0.24% 0.37% 0.12% 3,504 UNI
5 minutes 8.21 8.13 8.14 -0.61% 0.97% 0.24% 18,582 UNI
10 minutes 8.21 8.13 8.20 0.12% 0.97% 0.37% 32,293 UNI
15 minutes 8.21 8.13 8.19 0.00% 0.97% 0.61% 38,555 UNI
30 minutes 8.22 8.11 8.15 -0.49% 1.34% 0.61% 75,486 UNI
1 hour 8.22 8.08 8.18 -0.12% 1.70% 0.73% 145,589 UNI
2 hours 8.22 7.98 8.08 -1.36% 2.92% 1.34% 442,733 UNI
4 hours 8.22 7.97 8.01 -2.25% 3.04% 2.17% 615,791 UNI
6 hours 8.22 7.92 7.92 -3.41% 3.65% 2.53% 824,365 UNI
8 hours 8.30 7.97 8.01 -2.37% 3.98% 2.93% 1.461M UNI
12 hours 8.22 7.69 7.71 -6.23% 6.45% 4.10% 2.243M UNI

Every coin at this release

Coin Price swing Usual for Durable Orders Reaction
Bitcoin 1.90x 1.44x Strong
Ethereum 1.43x 1.38x Quiet
XRP 1.50x 1.13x Strong
BNB 1.63x 1.28x Ordinary
Solana 1.67x 1.32x Ordinary
Dogecoin 1.63x 1.49x Ordinary
TRON 1.19x 1.33x Quiet
Cardano 1.75x 1.33x Strong
Chainlink 1.67x 1.48x Ordinary
Sui 1.91x 1.36x Strong
Bitcoin Cash 1.59x 1.31x Ordinary
Hedera 2.99x 1.32x Exceptional
Avalanche 1.64x 1.44x Ordinary
Litecoin 1.41x 1.34x Quiet
Gram 1.52x 1.01x Strong
Shiba Inu 1.61x 1.30x Ordinary
Uniswap 1.35x 1.26x Quiet
Polkadot 1.19x 1.27x Quiet
Aave 1.68x 1.37x Ordinary
Bittensor 1.33x 1.33x Quiet
NEAR Protocol 1.96x 1.29x Strong
Aptos 1.34x 1.34x Quiet
Internet Computer 1.45x 1.11x Quiet
POL (prev. MATIC) 1.62x 1.29x Ordinary
Filecoin 1.96x 1.34x Strong

What is Durable Goods Orders?

The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) 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.

Every Durable Orders release for Uniswap

Questions about this page

Is 1.35x a lot?

No. Under 1.5x the market barely noticed the release.

Will the next Durable Orders do the same?

Nobody can say. A forecast shows the range Uniswap moved in after past Durable Orders releases, so you can plan for the likely size of the move.

More questions · Glossary

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.