Data Analysis
Measured by Clometrix
Bitcoin's volatility ratio was 12.23x, against 2.08x for a typical PPI release since 2021. Its volume ratio was 17.33x, 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 $121,143.68 when the figure came out. Fifteen minutes later it was 1.33% lower, and an hour later 2.4% lower. Its high-to-low range in the hour after was 2.9% of its price, against 0.61% in the hour before.
The release
Released by the Bureau of Labor Statistics on 14 August 2025 at 8:30 AM EDT. The Producer Price Index came in at 0.9% for July 2025, against 0.0% in June 2025. Producer prices are rising faster 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 was not within two weeks of a Fed decision. Its own ratio of 12.23x 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 14 August 2025 PPI release, posting a volatility ratio of 12.23x against the 2.08x median recorded across 70 PPI prints since 2021. Volume expanded to 17.33x its baseline in the release quarter hour. From the $121,143.68 level at publication, the price declined 1.33% within fifteen minutes and 2.4% within the hour, while the high-to-low range reached 2.9% compared with 0.61% in the preceding hour.
The scale of movement exceeded what timing alone would have implied. The release occurred 33 days before the September Federal Reserve decision and therefore outside the two-week window in which PPI has produced a median volatility ratio of 2.18x. Against the 2.05x median observed for releases farther from policy meetings, the 12.23x outcome remains an outlier. The measured response therefore captures the joint effect rather than any single component.
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
124,243.31Close
118,229.3024h Change
-6014.01 (-5.09%)24h High
124,474.0024h Low
117,180.0024h Volume
27,267 BTCUS Producer Price Index
Bureau of Labor Statistics
14th August, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 121050.32 | 121183.06 | 121050.32 | 121143.67 | 0.08% | 0.11% | 30 BTC |
| During | 121143.68 | 121143.68 | 120353.71 | 120410.52 | -0.61% | 0.65% | 213 BTC |
| 5 Minutes | |||||||
| Before | 120972.20 | 121183.06 | 120917.61 | 121143.67 | 0.14% | 0.22% | 94 BTC |
| During | 121143.68 | 121143.68 | 118500.00 | 118715.99 | -2.04% | 2.18% | 1,488 BTC |
| 10 Minutes | |||||||
| Before | 120680.90 | 121183.06 | 120450.00 | 121143.67 | 0.38% | 0.60% | 383 BTC |
| During | 121143.68 | 121143.68 | 117632.00 | 119004.75 | -1.80% | 2.90% | 2,840 BTC |
| 15 Minutes | |||||||
| Before | 120994.59 | 121183.06 | 120450.00 | 121143.67 | 0.12% | 0.60% | 614 BTC |
| During | 121143.68 | 121143.68 | 117632.00 | 119531.42 | -1.35% | 2.90% | 3,217 BTC |
| 30 Minutes | |||||||
| Before | 120949.66 | 121183.06 | 120450.00 | 121143.67 | 0.16% | 0.60% | 858 BTC |
| During | 121143.68 | 121143.68 | 117632.00 | 118866.37 | -1.92% | 2.90% | 4,199 BTC |
| 1 Hour | |||||||
| Before | 120893.50 | 121183.06 | 120450.00 | 121143.67 | 0.21% | 0.60% | 1,112 BTC |
| During | 121143.68 | 121143.68 | 117632.00 | 118235.05 | -2.46% | 2.90% | 6,100 BTC |
| 2 Hours | |||||||
| Before | 121511.97 | 121659.30 | 120450.00 | 121143.67 | -0.30% | 0.99% | 2,363 BTC |
| During | 121143.68 | 121143.68 | 117632.00 | 118869.42 | -1.91% | 2.90% | 8,395 BTC |
| 4 Hours | |||||||
| Before | 122014.79 | 122014.79 | 120450.00 | 121143.67 | -0.72% | 1.28% | 3,736 BTC |
| During | 121143.68 | 121143.68 | 117414.09 | 117639.17 | -2.98% | 3.08% | 11,809 BTC |
| 6 Hours | |||||||
| Before | 121583.01 | 122047.79 | 120450.00 | 121143.67 | -0.36% | 1.31% | 5,764 BTC |
| During | 121143.68 | 121143.68 | 117180.00 | 117855.00 | -2.79% | 3.27% | 13,379 BTC |
| 8 Hours | |||||||
| Before | 124243.31 | 124474.00 | 121313.86 | 122014.79 | -1.83% | 2.54% | 6,922 BTC |
| During | 122014.79 | 122014.79 | 117414.09 | 117639.17 | -3.72% | 3.77% | 15,545 BTC |
| 12 Hours | |||||||
| Before | 124243.31 | 124474.00 | 120450.00 | 121143.67 | -2.56% | 3.23% | 10,659 BTC |
| During | 121143.68 | 121143.68 | 117180.00 | 118229.30 | -2.47% | 3.27% | 16,609 BTC |
