Data Analysis
Measured by Clometrix
Bitcoin's volatility ratio was 3.88x, against 2.08x for a typical PPI release since 2021. Its volume ratio was 3.48x, against a typical 2.30x. 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 Bitcoin moved
Bitcoin was at $83,277.40 when the figure came out. Fifteen minutes later it was 0.32% lower, and an hour later 0.44% lower. Its high-to-low range in the hour after was 1.94% of its price, against 0.75% in the hour before.
The release
Released by the Bureau of Labor Statistics on 13 March 2025 at 8:30 AM EDT. The Producer Price Index came in at 0.1% for February 2025, against 0.7% in January 2025. Producer prices are still rising, but more slowly than before.
It arrived at the same moment as Core Producer Price Index, 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, PPI releases in the two weeks before a Fed decision have moved Bitcoin about as much as those at other times: a median volatility ratio of 2.18x across 29, against 2.05x across 41. This one came out 6 days before the Federal Reserve's 19 March rate decision. Its own ratio of 3.88x compares with 2.18x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 70 PPI releases since 2021, Bitcoin's median volatility ratio is 2.08x.
What it means
Bitcoin posted a strong reaction to the March 13 PPI release, with a volatility ratio of 3.88x that exceeded the 2.08x median recorded across 70 PPI prints since 2021. Volume expanded to 3.48x its typical quarter-hour level, well above the 2.30x benchmark. Price action reflected the move: Bitcoin stood at $83,277.40 at the 8:30 AM print, then fell 0.32 percent within fifteen minutes and 0.44 percent within the hour, while its hourly range widened to 1.94 percent from 0.75 percent beforehand.
The release itself showed producer prices rising 0.1 percent in February after a 0.7 percent gain in January. It arrived alongside Core PPI, Initial Jobless Claims and Continued Jobless Claims, so the measured response captures the combined impact of the four data points.
Timing placed the figures six days before the Federal Reserve's March 19 decision. Pre-Fed PPI releases have historically produced a median volatility ratio of 2.18x for Bitcoin, nearly identical to the 2.05x median at other times. The 3.88x reading therefore stands out against that backdrop.
About Producer Price Index
The Producer Price Index (PPI) measures the average change over time in the prices domestic producers receive for their output. It is a measure of inflation at the wholesale level that is compiled from thousands of indexes measuring producer prices by industry and product category. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).
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
83,705.60Close
81,197.0024h Change
-2508.60 (-3.09%)24h High
84,336.3324h Low
79,939.9024h Volume
27,212 BTCUS Producer Price Index
Bureau of Labor Statistics
13th March, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 83325.80 | 83325.80 | 83274.19 | 83277.41 | -0.06% | 0.06% | 26 BTC |
| During | 83277.40 | 83900.00 | 83178.08 | 83178.08 | -0.12% | 0.86% | 272 BTC |
| 5 Minutes | |||||||
| Before | 83196.69 | 83330.63 | 83136.00 | 83277.41 | 0.10% | 0.23% | 145 BTC |
| During | 83277.40 | 83900.00 | 82904.08 | 83070.36 | -0.25% | 1.19% | 460 BTC |
| 10 Minutes | |||||||
| Before | 83018.87 | 83330.63 | 82961.89 | 83277.41 | 0.31% | 0.44% | 220 BTC |
| During | 83277.40 | 83900.00 | 82666.00 | 82747.84 | -0.64% | 1.47% | 658 BTC |
| 15 Minutes | |||||||
| Before | 82840.82 | 83330.63 | 82835.08 | 83277.41 | 0.52% | 0.59% | 276 BTC |
| During | 83277.40 | 83900.00 | 82666.00 | 83007.23 | -0.33% | 1.47% | 763 BTC |
| 30 Minutes | |||||||
| Before | 82975.86 | 83330.63 | 82756.62 | 83277.41 | 0.36% | 0.69% | 402 BTC |
| During | 83277.40 | 83900.00 | 82286.00 | 82517.99 | -0.92% | 1.92% | 1,271 BTC |
| 1 Hour | |||||||
| Before | 82866.47 | 83330.63 | 82708.29 | 83277.41 | 0.49% | 0.75% | 694 BTC |
| During | 83277.40 | 83900.00 | 82286.00 | 82908.50 | -0.44% | 1.92% | 2,007 BTC |
| 2 Hours | |||||||
| Before | 83299.99 | 83398.31 | 82708.29 | 83277.41 | -0.03% | 0.83% | 1,379 BTC |
| During | 83277.40 | 83900.00 | 81546.52 | 81897.17 | -1.69% | 2.81% | 4,465 BTC |
| 4 Hours | |||||||
| Before | 82641.48 | 83522.61 | 82400.04 | 83277.41 | 0.76% | 1.34% | 3,173 BTC |
| During | 83277.40 | 83900.00 | 80852.00 | 80948.02 | -2.88% | 3.63% | 8,107 BTC |
| 6 Hours | |||||||
| Before | 83016.61 | 83559.06 | 82400.04 | 83277.41 | 0.31% | 1.39% | 4,780 BTC |
| During | 83277.40 | 83900.00 | 79939.90 | 80916.38 | -2.92% | 4.72% | 12,886 BTC |
| 8 Hours | |||||||
| Before | 83705.60 | 84336.33 | 82526.51 | 82641.49 | -1.29% | 2.15% | 6,602 BTC |
| During | 82641.48 | 83900.00 | 80852.00 | 80948.02 | -2.09% | 3.63% | 11,280 BTC |
| 12 Hours | |||||||
| Before | 83705.60 | 84336.33 | 82400.04 | 83277.41 | -0.51% | 2.30% | 9,775 BTC |
| During | 83277.40 | 83900.00 | 79939.90 | 81197.00 | -2.56% | 4.72% | 17,438 BTC |
