BTC Volatility Analysis for PPI, 14th January 2025

Data Analysis

Measured by Clometrix

Bitcoin's volatility ratio was 4.60x, against 2.08x for a typical PPI release since 2021. Its volume ratio was 8.11x, against a typical 2.30x. That is more than twice 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.

How Bitcoin moved

Bitcoin was at $95,898.66 when the figure came out. Fifteen minutes later it was 0.41% higher, and an hour later 0.93% higher. Its high-to-low range in the hour after was 1.42% of its price, against 0.6% in the hour before.

The release

Released by the Bureau of Labor Statistics on 14 January 2025 at 8:30 AM EST. The Producer Price Index came in at 0.5% for December 2024, against 0.1% in November 2024. Producer prices are rising faster than before.

It arrived at the same moment as Core Producer Price Index, 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 was not within two weeks of a Fed decision. Its own ratio of 4.60x compares with 2.05x 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 registered an exceptional reaction to the December 2024 PPI release, posting a volatility ratio of 4.60x against the 2.08x median recorded across 70 prior PPI prints since 2021. Volume expanded to 8.11x its typical quarter-hour level, more than three times the 2.30x benchmark for the event. Price rose from $95,898.66 at release to a 0.41 percent gain within fifteen minutes and 0.93 percent after one hour, while the hourly high-to-low range widened to 1.42 percent from 0.6 percent beforehand.

The print arrived alongside the Core PPI figure and showed a 0.5 percent month-over-month increase after November’s 0.1 percent reading. This release fell fourteen days before the Federal Reserve’s January 2025 decision, outside the two-week window that has produced only marginally higher median volatility of 2.18x versus 2.05x at other times. The observed 4.60x ratio therefore exceeded what the timing alone would indicate. Traders reviewing the record may note that PPI releases have occasionally produced outsized moves even when positioned well before policy meetings.

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

94,928.51

Close

97,116.45

24h Change

2187.94 (2.25%)

24h High

97,371.00

24h Low

94,588.51

24h Volume

27,583 BTC

US Producer Price Index

Bureau of Labor Statistics

14th January, 2025, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time Open High Low Close Change Amplitude Volume
 
1 Minute
Before95833.7795898.6695797.6795898.650.07%0.11%37 BTC
During95898.6697000.0095898.6596930.001.06%1.14%480 BTC
 
5 Minutes
Before95900.0295915.9695748.9395898.650.00%0.17%121 BTC
During95898.6697263.0295898.6596818.690.95%1.40%1,237 BTC
 
10 Minutes
Before95980.0196000.0095748.9395898.65-0.08%0.26%196 BTC
During95898.6697263.0295898.6596531.950.66%1.40%1,514 BTC
 
15 Minutes
Before96001.8796029.8695748.9395898.65-0.11%0.29%274 BTC
During95898.6697263.0295898.6596296.000.41%1.40%1,657 BTC
 
30 Minutes
Before95988.0196110.0095748.9395898.65-0.09%0.38%504 BTC
During95898.6697263.0295898.6596336.000.45%1.40%2,041 BTC
 
1 Hour
Before96168.8896320.9795748.9395898.65-0.28%0.59%866 BTC
During95898.6697263.0295898.6596791.750.92%1.40%2,662 BTC
 
2 Hours
Before96462.8096700.0095748.9395898.65-0.59%0.98%2,254 BTC
During95898.6697265.4895898.6596494.950.62%1.41%5,137 BTC
 
4 Hours
Before96407.7297371.0095748.9395898.65-0.53%1.67%5,517 BTC
During95898.6697265.4895351.7696038.810.15%1.97%9,333 BTC
 
6 Hours
Before95030.8497371.0094838.5695898.650.90%2.60%8,596 BTC
During95898.6697265.4895351.7696872.001.00%1.97%11,227 BTC
 
8 Hours
Before94928.5196475.4494588.5196407.721.53%1.96%6,926 BTC
During96407.7297371.0095351.7696038.81-0.38%2.07%14,849 BTC
 
12 Hours
Before94928.5197371.0094588.5195898.651.01%2.86%12,443 BTC
During95898.6697332.5295351.7697116.451.25%2.04%15,140 BTC

Your trading edge begins today.

Get Started Now