Data Analysis
The release
Released by the Bureau of Census on 18 June 2024 at 8:30 AM EDT. The Retail Sales Excluding Automobiles came in at 0.3% for May 2024, against 0.2% in April 2024. Retail sales excluding autos are rising faster than before.
It arrived at the same moment as Retail Sales, so the reaction measured on this page belongs to all of them together.
How Bitcoin moved
Bitcoin was at $65,026.01 when the figure came out. Fifteen minutes later it was 0.08% higher, and an hour later 0.2% lower. Its high-to-low range in the hour after was 0.83% of its price, against 0.71% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 1.54x, against 1.54x for a typical Retail Sales Ex Autos release since 2021. Its volume ratio was 2.36x, against a typical 1.74x. That is about 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.
What made it matter
Since 2021, Retail Sales Ex Autos 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 1.72x across 27, against 1.54x across 43. This one was not within two weeks of a Fed decision. Its own ratio of 1.54x compares with 1.54x for those, about what its circumstances would suggest.
Its record
Across 70 Retail Sales Ex Autos releases since 2021, Bitcoin's median volatility ratio is 1.54x.
About Retail Sales Excluding Automobiles
The U.S. Census Bureau publishes the Retail Sales report every month. It is a measure of consumer spending excluding the automobile sector. Retail firms provide data on the dollar value of their retail sales and inventories. A sample of 12,000 firms is included in the final survey and 5,000 in the advanced one. The advanced estimated data is based on a subsample from the USCB complete retail & food services sample.
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
66,342.89Close
64,891.0224h Change
-1451.87 (-2.24%)24h High
66,500.0024h Low
64,060.0024h Volume
42,633 BTCUS Retail Sales Excluding Automobiles
Bureau of Census
18th June, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 65097.30 | 65120.00 | 65001.00 | 65026.00 | -0.11% | 0.18% | 41 BTC |
| During | 65026.01 | 65352.31 | 65026.01 | 65250.00 | 0.34% | 0.50% | 183 BTC |
| 5 Minutes | |||||||
| Before | 65110.85 | 65120.36 | 65001.00 | 65026.00 | -0.13% | 0.18% | 195 BTC |
| During | 65026.01 | 65352.31 | 65026.01 | 65193.14 | 0.26% | 0.50% | 358 BTC |
| 10 Minutes | |||||||
| Before | 65223.80 | 65265.44 | 65001.00 | 65026.00 | -0.30% | 0.41% | 310 BTC |
| During | 65026.01 | 65352.31 | 65006.00 | 65094.01 | 0.10% | 0.53% | 547 BTC |
| 15 Minutes | |||||||
| Before | 65158.00 | 65265.44 | 65001.00 | 65026.00 | -0.20% | 0.41% | 469 BTC |
| During | 65026.01 | 65352.31 | 65006.00 | 65079.36 | 0.08% | 0.53% | 727 BTC |
| 30 Minutes | |||||||
| Before | 65366.00 | 65433.97 | 65001.00 | 65026.00 | -0.52% | 0.66% | 777 BTC |
| During | 65026.01 | 65352.31 | 65006.00 | 65231.95 | 0.32% | 0.53% | 1,156 BTC |
| 1 Hour | |||||||
| Before | 65190.93 | 65461.46 | 65001.00 | 65026.00 | -0.25% | 0.70% | 1,547 BTC |
| During | 65026.01 | 65352.31 | 64811.11 | 64898.02 | -0.20% | 0.83% | 2,653 BTC |
| 2 Hours | |||||||
| Before | 65529.40 | 65612.84 | 65001.00 | 65026.00 | -0.77% | 0.93% | 2,667 BTC |
| During | 65026.01 | 65352.31 | 64359.92 | 65086.01 | 0.09% | 1.52% | 6,771 BTC |
| 4 Hours | |||||||
| Before | 65606.88 | 65750.01 | 65001.00 | 65026.00 | -0.89% | 1.14% | 4,227 BTC |
| During | 65026.01 | 65406.00 | 64261.12 | 64635.52 | -0.60% | 1.75% | 11,772 BTC |
| 6 Hours | |||||||
| Before | 65558.08 | 65800.00 | 65001.00 | 65026.00 | -0.82% | 1.21% | 6,008 BTC |
| During | 65026.01 | 65406.00 | 64261.12 | 64749.19 | -0.43% | 1.75% | 14,970 BTC |
| 8 Hours | |||||||
| Before | 66342.89 | 66500.00 | 64569.00 | 65606.88 | -1.12% | 2.90% | 15,299 BTC |
| During | 65606.88 | 65750.01 | 64261.12 | 64635.52 | -1.50% | 2.26% | 16,000 BTC |
| 12 Hours | |||||||
| Before | 66342.89 | 66500.00 | 64569.00 | 65026.00 | -2.03% | 2.90% | 19,527 BTC |
| During | 65026.01 | 65406.00 | 64060.00 | 64891.02 | -0.21% | 2.06% | 23,106 BTC |
