How Shiba Inu reacted to the Personal Income and Outlays on 24 February 2023

The short answer

An ordinary reaction. In the 15 minutes after the figure came out, Shiba Inu's price swung 1.68 times as much as in a normal 15 minutes that day. For a Personal Income release, 1.75 times is usual. An hour later the price was 0.61% lower.

1.68x

Ordinary

Trading (volume ratio)
3.58x
usual for Personal Income: 2.65x
Price at 8:30 AM
$0.000013
15 minutes later
−0.31%
One hour later
−0.61%
range 1.38%, hour before 0.92%
SHIB/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
0.000013
Close
0.000013
24h change
-4.37%
24h high
0.000013
24h low
0.000012
24h volume
4.03T SHIB

The release

Released by the Bureau of Economic Analysis on 24 February 2023 at 8:30 AM EST. The Personal Income and Outlays came in at 0.6% for January 2023, against 0.4% in December 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.

How Shiba Inu moved

Shiba Inu was at $0.000013 when the figure came out. Fifteen minutes later it was 0.31% lower, and an hour later 0.61% lower. Its high-to-low range in the hour after was 1.38% of its price, against 0.92% in the hour before.

Measured by Clometrix

Shiba Inu's volatility ratio was 1.68x, against 1.75x for a typical Personal Income release since 2021. Its volume ratio was 3.58x, against a typical 2.65x. 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, Personal Income releases in the two weeks before a Fed decision have moved Shiba Inu about as much as those at other times: a median volatility ratio of 1.72x across 18, against 1.74x across 48. This one was not within two weeks of a Fed decision. Its own ratio of 1.68x compares with 1.74x for those, about what its circumstances would suggest.

Its record

Across 66 Personal Income releases since 2021, Shiba Inu's median volatility ratio is 1.74x.

How it compares

Across 65 Personal Income releases since 2021, Shiba Inu's usual price swing is 1.75x. This one was 0.96 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Personal Income's usual, 1.75x. Thick line: this release, 1.68x.

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 0.00001311 0.00001306 0.00001306 -0.23% 0.38% 0.15% 16.687B SHIB
5 minutes 0.00001311 0.00001303 0.00001304 -0.38% 0.61% 0.53% 38.006B SHIB
10 minutes 0.00001311 0.00001301 0.00001302 -0.54% 0.76% 0.53% 78.796B SHIB
15 minutes 0.00001311 0.00001301 0.00001305 -0.31% 0.76% 0.53% 91.347B SHIB
30 minutes 0.00001311 0.00001295 0.000013 -0.69% 1.22% 0.68% 157.503B SHIB
1 hour 0.00001311 0.00001293 0.00001301 -0.61% 1.37% 0.91% 254.118B SHIB
2 hours 0.00001311 0.00001276 0.0000128 -2.27% 2.67% 0.99% 609.724B SHIB
4 hours 0.00001311 0.0000124 0.00001264 -3.56% 5.42% 1.21% 1.673T SHIB
6 hours 0.00001311 0.0000124 0.00001261 -3.81% 5.42% 1.21% 2.003T SHIB
8 hours 0.00001319 0.0000124 0.00001264 -3.96% 5.99% 1.44% 2.089T SHIB
12 hours 0.00001311 0.0000122 0.0000126 -3.89% 6.94% 1.44% 3.056T SHIB

Every coin at this release

Coin Price swing Usual for Personal Income Reaction
Bitcoin 3.10x 2.03x Strong
Ethereum 2.05x 1.77x Ordinary
XRP 1.37x 1.81x Quiet
BNB 2.38x 1.75x Strong
Solana 2.25x 1.57x Strong
Dogecoin 1.78x 1.52x Ordinary
TRON 1.41x 1.43x Quiet
Cardano 2.20x 1.90x Ordinary
Chainlink 1.02x 1.62x Quiet
Bitcoin Cash 1.96x 1.69x Ordinary
Hedera 2.52x 1.51x Strong
Avalanche 2.03x 1.55x Strong
Litecoin 3.63x 1.64x Exceptional
Shiba Inu 1.68x 1.75x Ordinary
Uniswap 2.02x 1.49x Strong
Polkadot 2.23x 1.50x Strong
Aave 2.18x 1.58x Strong
NEAR Protocol 1.92x 1.43x Strong
Aptos 2.68x 1.73x Strong
Internet Computer 1.93x 1.50x Ordinary
POL (prev. MATIC) 2.03x 1.60x Ordinary
Filecoin 1.29x 1.51x Quiet

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 Shiba Inu

Questions about this page

Is 1.68x a lot?

For a Personal Income release it is ordinary: the usual is 1.75x. 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 Shiba Inu 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.