Data Analysis
The release
Released by the Bureau of Labor Statistics on 4 February 2022 at 8:30 AM EST. The economy added 225K jobs for January 2022, according to Non-Farm Payrolls, after a gain of 575K in December 2021.
It arrived at the same moment as Non-Farm Private Payrolls and Unemployment Rate, so the reaction measured on this page belongs to all of them together.
How Solana moved
Solana was at $104.16 when the figure came out. Fifteen minutes later it was 1.45% lower, and an hour later 0.27% lower. Its high-to-low range in the hour after was 3.13% of its price, against 1.17% in the hour before.
Measured by Clometrix
Solana's volatility ratio was 2.09x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 3.47x, against a typical 4.45x. That is about 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.
What made it matter
Since 2021, Non-Farm Payrolls releases in the two weeks before a Fed decision have moved Solana about as much as those at other times: a median volatility ratio of 2.72x across 21, against 2.81x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 2.09x compares with 2.81x for those, so it moved the price less than its circumstances would suggest.
Its record
Across 70 Non-Farm Payrolls releases since 2021, Solana's median volatility ratio is 2.77x.
About Non-Farm Payrolls
Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.
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.
SOL-USDT
Solana
Open
101.09Close
110.5324h Change
9.44 (8.54%)24h High
113.0024h Low
100.4524h Volume
4.324M SOLUS Non-Farm Payrolls
Bureau of Labor Statistics
4th February, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 104.30 | 104.32 | 104.15 | 104.16 | -0.13% | 0.16% | 3,364 SOL |
| During | 104.16 | 104.23 | 102.86 | 102.92 | -1.20% | 1.31% | 24,764 SOL |
| 5 Minutes | |||||||
| Before | 104.00 | 104.59 | 104.00 | 104.16 | 0.15% | 0.56% | 15,235 SOL |
| During | 104.16 | 104.23 | 102.32 | 102.59 | -1.53% | 1.83% | 60,474 SOL |
| 10 Minutes | |||||||
| Before | 104.23 | 104.59 | 103.91 | 104.16 | -0.07% | 0.65% | 36,470 SOL |
| During | 104.16 | 104.23 | 102.32 | 103.01 | -1.12% | 1.83% | 84,737 SOL |
| 15 Minutes | |||||||
| Before | 104.48 | 104.92 | 103.91 | 104.16 | -0.31% | 0.96% | 55,218 SOL |
| During | 104.16 | 104.23 | 102.32 | 102.65 | -1.47% | 1.83% | 108,279 SOL |
| 30 Minutes | |||||||
| Before | 104.16 | 104.92 | 103.82 | 104.16 | 0.00% | 1.05% | 86,405 SOL |
| During | 104.16 | 104.23 | 101.69 | 102.59 | -1.53% | 2.44% | 204,307 SOL |
| 1 Hour | |||||||
| Before | 104.85 | 104.92 | 103.70 | 104.16 | -0.66% | 1.16% | 179,053 SOL |
| During | 104.16 | 104.95 | 101.69 | 103.88 | -0.27% | 3.11% | 343,529 SOL |
| 2 Hours | |||||||
| Before | 105.44 | 105.84 | 103.70 | 104.16 | -1.23% | 2.02% | 282,303 SOL |
| During | 104.16 | 109.83 | 101.69 | 108.66 | 4.14% | 7.41% | 886,872 SOL |
| 4 Hours | |||||||
| Before | 105.73 | 107.00 | 103.70 | 104.16 | -1.51% | 3.08% | 504,594 SOL |
| During | 104.16 | 111.38 | 101.69 | 109.86 | 5.19% | 8.70% | 1.765M SOL |
| 6 Hours | |||||||
| Before | 105.66 | 107.00 | 103.70 | 104.16 | -1.44% | 3.08% | 733,943 SOL |
| During | 104.16 | 111.38 | 101.69 | 109.07 | 4.50% | 8.70% | 2.031M SOL |
| 8 Hours | |||||||
| Before | 101.09 | 106.91 | 100.45 | 105.74 | 4.40% | 6.04% | 984,782 SOL |
| During | 105.73 | 111.38 | 101.69 | 109.86 | 3.76% | 8.70% | 2.27M SOL |
| 12 Hours | |||||||
| Before | 101.09 | 107.00 | 100.45 | 104.16 | 2.95% | 6.12% | 1.489M SOL |
| During | 104.16 | 113.00 | 101.69 | 110.53 | 5.76% | 10.01% | 2.834M SOL |
