Data Analysis
Measured by Clometrix
Bitcoin's volatility ratio was 2.91x, against 1.10x for a typical International Imports release since 2021. Its volume ratio was 2.40x, against a typical 1.22x. That is more than twice what this release usually does. 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 $16,809.03 when the figure came out. Fifteen minutes later it was 0.06% lower, and an hour later unchanged. Its high-to-low range in the hour after was 0.4% of its price, against 0.2% in the hour before.
The release
Released by the Bureau of Census, Bureau of Economic Analysis on 5 January 2023 at 8:30 AM EST. The International Imports in Goods and Services fell to $319B for November 2022, from $334.4B in October 2022.
It arrived at the same moment as International Trade Balance in Goods and Services, International Exports in Goods and Services, 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, International Imports releases in the two weeks before a Fed decision have moved Bitcoin less than those at other times: a median volatility ratio of 0.97x across 23, against 1.25x across 47. This one was not within two weeks of a Fed decision. Its own ratio of 2.91x compares with 1.25x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 70 International Imports releases since 2021, Bitcoin's median volatility ratio is 1.10x.
About International Imports in Goods and Services
International Imports measures economic transactions between a nation and its trading partners, showing the amount of a country's imports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move in to the country. Economists use this information to gauge the relative strength of a country's economy.
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
16,833.59Close
16,853.3624h Change
19.77 (0.12%)24h High
16,879.8224h Low
16,753.0024h Volume
162,465 BTCUS International Imports in Goods and Services
Bureau of Census, Bureau of Economic Analysis
5th January, 2023, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 16808.30 | 16814.00 | 16807.66 | 16809.03 | 0.00% | 0.04% | 100 BTC |
| During | 16809.03 | 16818.97 | 16788.23 | 16814.12 | 0.03% | 0.18% | 783 BTC |
| 5 Minutes | |||||||
| Before | 16814.28 | 16816.43 | 16806.25 | 16809.03 | -0.03% | 0.06% | 525 BTC |
| During | 16809.03 | 16821.00 | 16788.23 | 16807.37 | -0.01% | 0.19% | 1,472 BTC |
| 10 Minutes | |||||||
| Before | 16810.60 | 16817.28 | 16804.31 | 16809.03 | -0.01% | 0.08% | 1,088 BTC |
| During | 16809.03 | 16821.00 | 16777.86 | 16784.87 | -0.14% | 0.26% | 2,603 BTC |
| 15 Minutes | |||||||
| Before | 16825.40 | 16832.54 | 16801.04 | 16809.03 | -0.10% | 0.19% | 3,079 BTC |
| During | 16809.03 | 16821.00 | 16777.86 | 16798.32 | -0.06% | 0.26% | 3,515 BTC |
| 30 Minutes | |||||||
| Before | 16822.13 | 16832.54 | 16801.04 | 16809.03 | -0.08% | 0.19% | 4,467 BTC |
| During | 16809.03 | 16821.00 | 16777.86 | 16780.25 | -0.17% | 0.26% | 5,443 BTC |
| 1 Hour | |||||||
| Before | 16819.00 | 16833.92 | 16801.04 | 16809.03 | -0.06% | 0.20% | 6,999 BTC |
| During | 16809.03 | 16821.00 | 16753.00 | 16811.76 | 0.02% | 0.40% | 11,366 BTC |
| 2 Hours | |||||||
| Before | 16819.11 | 16839.00 | 16801.04 | 16809.03 | -0.06% | 0.23% | 13,045 BTC |
| During | 16809.03 | 16870.60 | 16753.00 | 16847.12 | 0.23% | 0.70% | 27,112 BTC |
| 4 Hours | |||||||
| Before | 16802.97 | 16839.00 | 16780.75 | 16809.03 | 0.04% | 0.35% | 26,523 BTC |
| During | 16809.03 | 16879.82 | 16753.00 | 16826.11 | 0.10% | 0.75% | 43,984 BTC |
| 6 Hours | |||||||
| Before | 16797.48 | 16839.00 | 16780.75 | 16809.03 | 0.07% | 0.35% | 39,067 BTC |
| During | 16809.03 | 16879.82 | 16753.00 | 16834.72 | 0.15% | 0.75% | 58,239 BTC |
| 8 Hours | |||||||
| Before | 16833.59 | 16849.99 | 16787.64 | 16803.43 | -0.18% | 0.37% | 42,954 BTC |
| During | 16802.97 | 16879.82 | 16753.00 | 16826.11 | 0.14% | 0.75% | 70,507 BTC |
| 12 Hours | |||||||
| Before | 16833.59 | 16849.99 | 16780.75 | 16809.03 | -0.15% | 0.41% | 69,477 BTC |
| During | 16809.03 | 16879.82 | 16753.00 | 16853.36 | 0.26% | 0.75% | 92,988 BTC |
