Data Analysis
Measured by Clometrix
Bitcoin's volatility ratio was 5.77x, against 2.08x for a typical PPI release since 2021. Its volume ratio was 12.63x, 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 $77,796.93 when the figure came out. Fifteen minutes later it was 0.86% lower, and an hour later 1.11% lower. Its high-to-low range in the hour after was 1.65% of its price, against 0.51% in the hour before.
The release
Released by the Bureau of Labor Statistics on 10 September 2026 at 8:30 AM EDT. The Producer Price Index came in at 0.4% for August 2026, against 0.0% in July 2026. Producer prices are rising again, after a fall.
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 16 September rate decision. Its own ratio of 5.77x 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
Outsize reaction ahead of policy decision
Bitcoin recorded an exceptional response to the August Producer Price Index release. Volatility reached 5.77 times a normal quarter-hour level in the minutes after the print, well above the 2.08x median across 70 PPI releases since 2021. Volume expanded 12.63 times against the usual 2.30x. The price fell from $77,796.93 to a level 1.11 percent lower within the hour, while the high-to-low range widened to 1.65 percent from 0.51 percent beforehand.
The print arrived six days before the Federal Reserve's September rate decision. PPI releases in the two weeks before policy meetings have produced a median volatility ratio of 2.18x since 2021, yet this episode exceeded that benchmark substantially. The 0.4 percent month-over-month reading came alongside core PPI, initial claims and continued claims, so the measured move reflects the combined arrival.
Traders monitoring the next PPI release may observe that pre-meeting timing has not shifted the event's typical magnitude in the record, while individual releases can still produce volatility ratios more than twice the median when multiple data points coincide.
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
78,325.30Close
76,848.8524h Change
-1476.45 (-1.92%)24h High
78,564.3924h Low
76,464.0024h Volume
15,352 BTCUS Producer Price Index
Bureau of Labor Statistics
10th September, 2026, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 77733.15 | 77821.78 | 77733.15 | 77796.93 | 0.08% | 0.11% | 46 BTC |
| During | 77796.93 | 77959.20 | 77399.00 | 77727.63 | -0.09% | 0.72% | 423 BTC |
| 5 Minutes | |||||||
| Before | 77729.85 | 77821.78 | 77700.00 | 77796.93 | 0.09% | 0.16% | 84 BTC |
| During | 77796.93 | 77959.20 | 77337.39 | 77371.28 | -0.55% | 0.80% | 720 BTC |
| 10 Minutes | |||||||
| Before | 77718.84 | 77821.78 | 77650.00 | 77796.93 | 0.10% | 0.22% | 179 BTC |
| During | 77796.93 | 77959.20 | 77019.63 | 77110.22 | -0.89% | 1.21% | 1,132 BTC |
| 15 Minutes | |||||||
| Before | 77823.75 | 77836.02 | 77650.00 | 77796.93 | -0.03% | 0.24% | 384 BTC |
| During | 77796.93 | 77959.20 | 77019.63 | 77130.25 | -0.86% | 1.21% | 1,316 BTC |
| 30 Minutes | |||||||
| Before | 77840.64 | 77888.45 | 77650.00 | 77796.93 | -0.06% | 0.31% | 735 BTC |
| During | 77796.93 | 77959.20 | 76676.07 | 76896.01 | -1.17% | 1.65% | 2,151 BTC |
| 1 Hour | |||||||
| Before | 78004.01 | 78050.00 | 77650.00 | 77796.93 | -0.27% | 0.51% | 926 BTC |
| During | 77796.93 | 77959.20 | 76676.07 | 76934.00 | -1.12% | 1.65% | 2,768 BTC |
| 2 Hours | |||||||
| Before | 77979.87 | 78054.84 | 77650.00 | 77796.93 | -0.24% | 0.52% | 1,768 BTC |
| During | 77796.93 | 77959.20 | 76676.07 | 77276.01 | -0.67% | 1.65% | 4,187 BTC |
| 4 Hours | |||||||
| Before | 78170.74 | 78229.22 | 77650.00 | 77796.93 | -0.48% | 0.74% | 2,769 BTC |
| During | 77796.93 | 77959.20 | 76676.07 | 76932.00 | -1.12% | 1.65% | 5,611 BTC |
| 6 Hours | |||||||
| Before | 78216.64 | 78528.01 | 77650.00 | 77796.93 | -0.54% | 1.12% | 3,806 BTC |
| During | 77796.93 | 77959.20 | 76676.07 | 77074.00 | -0.94% | 1.65% | 6,647 BTC |
| 8 Hours | |||||||
| Before | 78325.30 | 78564.39 | 77906.48 | 78170.73 | -0.20% | 0.84% | 3,537 BTC |
| During | 78170.74 | 78229.22 | 76676.07 | 76932.00 | -1.61% | 1.99% | 8,380 BTC |
| 12 Hours | |||||||
| Before | 78325.30 | 78564.39 | 77650.00 | 77796.93 | -0.68% | 1.16% | 6,307 BTC |
| During | 77796.93 | 77959.20 | 76464.00 | 76848.85 | -1.23% | 1.92% | 9,045 BTC |
