Data Analysis
The release
Released by the Bureau of Census on 25 February 2021 at 8:30 AM EST. Durable Goods Orders came in at 3.4% for January 2021, against 2.0% in December 2020. Durable goods orders are rising faster 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
Bitcoin's volatility ratio was 1.25x, against 1.45x for a typical Durable Orders release since 2021. Its volume ratio was 1.97x, against a typical 1.59x. 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 Bitcoin moved
Bitcoin was at $51,430.05 when the figure came out. Fifteen minutes later it was 0.07% higher, and an hour later 1.12% lower. Its high-to-low range in the hour after was 1.61% of its price, against 3.45% in the hour before.
What made it matter
Since 2021, Durable Orders 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 1.25x compares with 1.43x for those, about what its circumstances would suggest.
About 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.
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
50,832.04Close
47,153.5624h Change
-3678.48 (-7.80%)24h High
52,041.7324h Low
46,000.0024h Volume
89,650 BTCUS Durable Goods Orders
Bureau of Census
25th February, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 51426.87 | 51489.57 | 51426.87 | 51430.06 | 0.01% | 0.12% | 68 BTC |
| During | 51430.05 | 51495.19 | 51288.18 | 51347.83 | -0.16% | 0.40% | 111 BTC |
| 5 Minutes | |||||||
| Before | 51568.11 | 51576.09 | 51350.00 | 51430.06 | -0.27% | 0.44% | 384 BTC |
| During | 51430.05 | 51495.19 | 51135.23 | 51311.94 | -0.23% | 0.70% | 567 BTC |
| 10 Minutes | |||||||
| Before | 51480.70 | 51614.01 | 51350.00 | 51430.06 | -0.10% | 0.51% | 795 BTC |
| During | 51430.05 | 51495.19 | 51060.27 | 51399.99 | -0.06% | 0.84% | 1,026 BTC |
| 15 Minutes | |||||||
| Before | 51745.01 | 51780.40 | 51344.00 | 51430.06 | -0.61% | 0.84% | 1,394 BTC |
| During | 51430.05 | 51648.74 | 51060.27 | 51465.33 | 0.07% | 1.14% | 1,559 BTC |
| 30 Minutes | |||||||
| Before | 51497.98 | 52041.73 | 51344.00 | 51430.06 | -0.13% | 1.34% | 4,079 BTC |
| During | 51430.05 | 51648.74 | 51060.27 | 51347.60 | -0.16% | 1.14% | 2,359 BTC |
| 1 Hour | |||||||
| Before | 50363.19 | 52041.73 | 50265.04 | 51430.06 | 2.07% | 3.41% | 7,166 BTC |
| During | 51430.05 | 51648.74 | 50823.00 | 50851.58 | -1.14% | 1.60% | 4,267 BTC |
| 2 Hours | |||||||
| Before | 49606.17 | 52041.73 | 49605.46 | 51430.06 | 3.55% | 4.68% | 10,586 BTC |
| During | 51430.05 | 51648.74 | 50599.00 | 50927.95 | -0.99% | 2.03% | 7,492 BTC |
| 4 Hours | |||||||
| Before | 48935.79 | 52041.73 | 48581.71 | 51430.06 | 4.85% | 6.65% | 16,713 BTC |
| During | 51430.05 | 51648.74 | 49655.00 | 49716.41 | -3.45% | 3.86% | 15,062 BTC |
| 6 Hours | |||||||
| Before | 50484.99 | 52041.73 | 48581.71 | 51430.06 | 1.84% | 6.65% | 23,023 BTC |
| During | 51430.05 | 51648.74 | 49226.09 | 49527.09 | -3.84% | 4.69% | 22,233 BTC |
| 8 Hours | |||||||
| Before | 50832.04 | 50834.43 | 48772.30 | 48935.78 | -3.87% | 4.06% | 19,153 BTC |
| During | 48935.79 | 52041.73 | 48581.71 | 49716.41 | 1.57% | 6.65% | 31,775 BTC |
| 12 Hours | |||||||
| Before | 50832.04 | 52041.73 | 48581.71 | 51430.06 | 1.16% | 6.65% | 35,866 BTC |
| During | 51430.05 | 51648.74 | 46000.00 | 47153.56 | -9.07% | 10.94% | 53,784 BTC |
