How Aptos reacted to the Personal Income and Outlays on 27 January 2023

The short answer

A strong reaction. In the 15 minutes after the figure came out, Aptos's price swung 2.73 times as much as in a normal 15 minutes that day. For a Personal Income release, 1.73 times is usual. An hour later the price was 0.85% lower.

2.73x

Strong

Trading (volume ratio)
3.21x
usual for Personal Income: 2.76x
Price at 8:30 AM
$17.750
15 minutes later
+0.96%
One hour later
−0.85%
range 4.28%, hour before 2.37%
APT/USDT, 1 minute candles around the release, 8:30 AM America/New York

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

Open
17.610
Close
18.340
24h change
3.98%
24h high
18.800
24h low
17.340
24h volume
11.23M APT

Measured by Clometrix

Aptos's volatility ratio was 2.73x, against 1.73x for a typical Personal Income release since 2021. Its volume ratio was 3.21x, against a typical 2.76x. That is a strong reaction by this release's own standard. 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 Aptos moved

Aptos was at $17.750 when the figure came out. Fifteen minutes later it was 0.96% higher, and an hour later 0.85% lower. Its high-to-low range in the hour after was 4.28% of its price, against 2.37% in the hour before.

The release

Released by the Bureau of Economic Analysis on 27 January 2023 at 8:30 AM EST. The Personal Income and Outlays came in at 0.4% for December 2022, against 0.3% in November 2022. Personal income is rising faster than before.

It arrived at the same moment as Personal Consumption Expenditures and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Personal Income releases in the two weeks before a Fed decision have moved Aptos about as much as those at other times: a median volatility ratio of 1.79x across 15, against 1.70x across 33. This one came out 5 days before the Federal Reserve's 1 February rate decision. Its own ratio of 2.73x compares with 1.79x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 48 Personal Income releases since 2021, Aptos's median volatility ratio is 1.73x.

How it compares

Across 48 Personal Income releases since 2021, Aptos's usual price swing is 1.73x. This one was 1.58 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Personal Income's usual, 1.73x. Thick line: this release, 2.73x.

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 17.86 17.65 17.82 0.39% 1.18% 1.18% 29,558 APT
5 minutes 18.20 17.65 18.03 1.55% 3.02% 1.18% 200,618 APT
10 minutes 18.20 17.65 18.04 1.61% 3.02% 1.35% 264,769 APT
15 minutes 18.20 17.65 17.92 0.95% 3.02% 1.68% 308,974 APT
30 minutes 18.20 17.60 17.73 -0.11% 3.30% 1.85% 444,028 APT
1 hour 18.20 17.44 17.60 -0.85% 4.18% 2.35% 675,183 APT
2 hours 18.20 17.44 17.86 0.62% 4.18% 2.35% 1.143M APT
4 hours 18.23 17.44 18.09 1.88% 4.33% 3.39% 2.24M APT
6 hours 18.30 17.44 18.21 2.53% 4.70% 4.13% 3.065M APT
8 hours 18.23 17.39 18.09 2.71% 4.61% 7.77% 4.299M APT
12 hours 18.66 17.44 18.34 3.22% 6.54% 7.77% 5.707M APT

Every coin at this release

Coin Price swing Usual for Personal Income Reaction
Bitcoin 2.31x 2.03x Ordinary
Ethereum 4.29x 1.77x Exceptional
XRP 2.22x 1.81x Ordinary
BNB 2.58x 1.75x Strong
Solana 3.46x 1.57x Exceptional
Dogecoin 3.28x 1.52x Exceptional
TRON 1.87x 1.43x Strong
Cardano 2.51x 1.90x Strong
Chainlink 2.75x 1.62x Strong
Bitcoin Cash 2.00x 1.69x Ordinary
Hedera 2.07x 1.51x Strong
Avalanche 2.48x 1.55x Strong
Litecoin 2.62x 1.64x Strong
Shiba Inu 2.65x 1.75x Strong
Uniswap 2.68x 1.49x Strong
Polkadot 2.36x 1.50x Strong
Aave 4.02x 1.58x Exceptional
NEAR Protocol 2.60x 1.43x Strong
Aptos 2.73x 1.73x Strong
Internet Computer 1.61x 1.50x Ordinary
POL (prev. MATIC) 3.03x 1.60x Strong
Filecoin 3.05x 1.51x Exceptional

What is the Personal Income and Outlays?

Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.

Every Personal Income release for Aptos

Questions about this page

Is 2.73x a lot?

For a Personal Income release it is strong: the usual is 1.73x. Each report has its own usual size, and its releases show it.

Will the next Personal Income do the same?

Nobody can say. A forecast shows the range Aptos moved in after past Personal Income releases, so you can plan for the likely size of the move.

What is PCE, and why does the Fed watch it?

PCE is the Personal Consumption Expenditures price index published by the Bureau of Economic Analysis. The Federal Reserve measures its 2 percent inflation goal with the PCE price index. PCE, Core PCE and Personal Income are released together at 8:30 a.m. ET and share one reaction. Their median Bitcoin price swing since 2021 is 2.03x, which places them in Tier 2.

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.