Data Analysis
The release
Released by the Bureau of Labor Statistics on 11 April 2025 at 8:30 AM EDT. The Producer Price Index came in at -0.1% for March 2025, against 0.1% in February 2025. Producer prices are falling, after a rise.
It arrived at the same moment as Core Producer Price Index, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Bitcoin's volatility ratio was 1.22x, against 2.08x for a typical PPI release since 2021. Its volume ratio was 1.59x, against a typical 2.30x. Under 1.5x is not a reaction at all: the market barely noticed this release. 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 $82,246.51 when the figure came out. Fifteen minutes later it was 0.06% higher, and an hour later 0.15% lower. Its high-to-low range in the hour after was 0.91% of its price, against 0.76% in the hour before.
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 1.22x compares with 2.05x for those, so it moved the price less than its circumstances would suggest.
What it means
Bitcoin registered a quiet reaction to the March 2025 Producer Price Index release. The volatility ratio reached only 1.22x against the 2.08x median recorded across PPI prints since 2021. Volume rose by a similarly muted 1.59x, below the 2.30x typical level. Under the 1.5x threshold the market registered no material response.
Price action stayed contained. Bitcoin stood at $82,246.51 at the 8:30 AM release. It advanced 0.06 percent within fifteen minutes and finished the hour 0.15 percent lower. The high-to-low range expanded to 0.91 percent of spot, compared with 0.76 percent in the preceding hour.
The release arrived alongside the Core PPI print and fell outside the two-week window ahead of the May Federal Reserve decision. Releases at comparable distances from policy meetings have produced a median volatility ratio of 2.05x. The observed 1.22x therefore fell short of what the surrounding circumstances would normally imply. Traders reviewing the next PPI print may note that timing relative to Fed meetings has not historically altered Bitcoin's response magnitude.
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
79,454.95Close
83,357.1024h Change
3902.15 (4.68%)24h High
84,300.0024h Low
78,969.5824h Volume
34,234 BTCUS Producer Price Index
Bureau of Labor Statistics
11th April, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 82200.00 | 82264.24 | 82190.50 | 82246.51 | 0.06% | 0.09% | 49 BTC |
| During | 82246.51 | 82564.00 | 82226.65 | 82293.95 | 0.06% | 0.41% | 191 BTC |
| 5 Minutes | |||||||
| Before | 82160.98 | 82264.24 | 82104.45 | 82246.51 | 0.10% | 0.19% | 115 BTC |
| During | 82246.51 | 82564.00 | 82226.65 | 82332.15 | 0.10% | 0.41% | 324 BTC |
| 10 Minutes | |||||||
| Before | 82093.51 | 82264.24 | 82093.51 | 82246.51 | 0.19% | 0.21% | 188 BTC |
| During | 82246.51 | 82564.00 | 82226.65 | 82298.14 | 0.06% | 0.41% | 405 BTC |
| 15 Minutes | |||||||
| Before | 82006.02 | 82264.24 | 81970.30 | 82246.51 | 0.29% | 0.36% | 271 BTC |
| During | 82246.51 | 82564.00 | 82207.65 | 82299.54 | 0.06% | 0.43% | 485 BTC |
| 30 Minutes | |||||||
| Before | 82129.67 | 82300.01 | 81819.14 | 82246.51 | 0.14% | 0.58% | 661 BTC |
| During | 82246.51 | 82564.00 | 82000.99 | 82115.52 | -0.16% | 0.68% | 800 BTC |
| 1 Hour | |||||||
| Before | 82348.13 | 82446.06 | 81819.14 | 82246.51 | -0.12% | 0.76% | 1,537 BTC |
| During | 82246.51 | 82564.00 | 81816.01 | 82125.17 | -0.15% | 0.91% | 1,368 BTC |
| 2 Hours | |||||||
| Before | 82744.06 | 82985.71 | 81819.14 | 82246.51 | -0.60% | 1.41% | 3,342 BTC |
| During | 82246.51 | 83333.00 | 81341.22 | 81461.03 | -0.96% | 2.39% | 5,617 BTC |
| 4 Hours | |||||||
| Before | 81341.14 | 82985.71 | 81240.65 | 82246.51 | 1.10% | 2.10% | 6,798 BTC |
| During | 82246.51 | 83333.00 | 81341.22 | 82246.35 | 0.00% | 2.39% | 8,373 BTC |
| 6 Hours | |||||||
| Before | 80986.54 | 82985.71 | 80782.43 | 82246.51 | 1.53% | 2.66% | 9,969 BTC |
| During | 82246.51 | 84220.00 | 81341.22 | 84034.00 | 2.13% | 3.42% | 12,852 BTC |
| 8 Hours | |||||||
| Before | 79454.95 | 81936.71 | 78969.58 | 81341.14 | 2.32% | 3.62% | 9,382 BTC |
| During | 81341.14 | 83333.00 | 81240.65 | 82246.35 | 1.10% | 2.51% | 15,171 BTC |
| 12 Hours | |||||||
| Before | 79454.95 | 82985.71 | 78969.58 | 82246.51 | 3.39% | 4.84% | 16,181 BTC |
| During | 82246.51 | 84300.00 | 81341.22 | 83357.10 | 1.33% | 3.51% | 18,054 BTC |
