Data Analysis
The release
Released by the Bureau of Census, Bureau of Economic Analysis on 4 December 2020 at 8:30 AM EST. The International Imports in Goods and Services rose to $247B for October 2020, from $239.5B in September 2020.
It arrived at the same moment as International Trade Balance in Goods and Services, International Exports in Goods and Services, Non-Farm Payrolls, Non-Farm Private Payrolls and Unemployment Rate, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Bitcoin's volatility ratio was 1.07x, against 1.10x for a typical International Imports release since 2021. Its volume ratio was 0.83x, against a typical 1.22x. 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 $18,978.51 when the figure came out. Fifteen minutes later it was 0.05% higher, and an hour later 0.82% higher. Its high-to-low range in the hour after was 1.2% of its price, against 0.93% in the hour before.
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 came out 12 days before the Federal Reserve's 16 December rate decision. Its own ratio of 1.07x compares with 0.97x for those, about what its circumstances would suggest.
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
19,376.48Close
18,725.0724h Change
-651.41 (-3.48%)24h High
19,447.1424h Low
18,500.0024h Volume
73,565 BTCUS International Imports in Goods and Services
Bureau of Census, Bureau of Economic Analysis
4th December, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 18983.10 | 18986.53 | 18977.73 | 18977.73 | -0.03% | 0.05% | 34 BTC |
| During | 18978.51 | 18979.03 | 18951.33 | 18958.47 | -0.11% | 0.15% | 39 BTC |
| 5 Minutes | |||||||
| Before | 18930.84 | 18997.34 | 18930.84 | 18977.73 | 0.25% | 0.35% | 184 BTC |
| During | 18978.51 | 19020.00 | 18951.33 | 18983.40 | 0.03% | 0.36% | 213 BTC |
| 10 Minutes | |||||||
| Before | 18962.94 | 18997.34 | 18914.42 | 18977.73 | 0.08% | 0.44% | 458 BTC |
| During | 18978.51 | 19020.00 | 18951.33 | 18953.71 | -0.13% | 0.36% | 341 BTC |
| 15 Minutes | |||||||
| Before | 19002.51 | 19008.38 | 18914.42 | 18977.73 | -0.13% | 0.49% | 653 BTC |
| During | 18978.51 | 19020.00 | 18938.44 | 18988.64 | 0.05% | 0.43% | 499 BTC |
| 30 Minutes | |||||||
| Before | 19026.49 | 19026.50 | 18914.42 | 18977.73 | -0.26% | 0.59% | 1,413 BTC |
| During | 18978.51 | 19027.00 | 18938.44 | 19005.34 | 0.14% | 0.47% | 1,064 BTC |
| 1 Hour | |||||||
| Before | 18856.05 | 19029.56 | 18852.84 | 18977.73 | 0.64% | 0.93% | 3,908 BTC |
| During | 18978.51 | 19146.22 | 18917.84 | 19134.41 | 0.81% | 1.19% | 3,013 BTC |
| 2 Hours | |||||||
| Before | 18985.19 | 19077.16 | 18686.38 | 18977.73 | -0.04% | 2.05% | 11,513 BTC |
| During | 18978.51 | 19146.22 | 18917.84 | 18973.55 | -0.03% | 1.19% | 5,712 BTC |
| 4 Hours | |||||||
| Before | 19335.01 | 19376.11 | 18686.38 | 18977.73 | -1.88% | 3.56% | 23,770 BTC |
| During | 18978.51 | 19146.22 | 18817.00 | 18984.66 | 0.03% | 1.72% | 11,299 BTC |
| 6 Hours | |||||||
| Before | 19270.68 | 19447.14 | 18686.38 | 18977.73 | -1.54% | 3.91% | 28,987 BTC |
| During | 18978.51 | 19146.22 | 18817.00 | 19006.83 | 0.15% | 1.72% | 14,550 BTC |
| 8 Hours | |||||||
| Before | 19376.48 | 19447.14 | 19122.48 | 19335.01 | -0.21% | 1.67% | 17,397 BTC |
| During | 19335.01 | 19376.11 | 18686.38 | 18984.66 | -1.85% | 3.56% | 35,069 BTC |
| 12 Hours | |||||||
| Before | 19376.48 | 19447.14 | 18686.38 | 18977.73 | -2.10% | 3.91% | 41,167 BTC |
| During | 18978.51 | 19146.22 | 18500.00 | 18725.07 | -1.35% | 3.38% | 32,398 BTC |
