Data Analysis
Measured by Clometrix
Bitcoin's volatility ratio was 2.66x, against 1.54x for a typical Retail Sales release since 2021. Its volume ratio was 2.63x, against a typical 1.74x. That is a strong reaction by this release's own standard. 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 $23,615.45 when the figure came out. Fifteen minutes later it was 0.39% higher, and an hour later 0.07% higher. Its high-to-low range in the hour after was 0.9% of its price, against 1% in the hour before.
The release
Released by the Bureau of Census on 17 August 2022 at 8:30 AM EDT. Retail Sales came in at -1.0% for July 2022, against 0.9% in June 2022. Retail sales are falling, after a rise.
It arrived at the same moment as Retail Sales Excluding Automobiles, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, Retail Sales 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 2.66x compares with 1.54x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 70 Retail Sales releases since 2021, Bitcoin's median volatility ratio is 1.54x.
About Retail Sales
The U.S. Census Bureau publishes the Retail Sales report every month. It is a measure of consumer spending, an important indicator of the US GDP. 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
23,899.13Close
23,330.2524h Change
-568.88 (-2.44%)24h High
24,446.7124h Low
23,180.4024h Volume
208,908 BTCUS Retail Sales
Bureau of Census
17th August, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 23581.38 | 23618.24 | 23580.45 | 23617.46 | 0.15% | 0.16% | 330 BTC |
| During | 23615.45 | 23636.98 | 23568.27 | 23571.36 | -0.19% | 0.29% | 640 BTC |
| 5 Minutes | |||||||
| Before | 23612.47 | 23618.24 | 23537.38 | 23617.46 | 0.02% | 0.34% | 1,695 BTC |
| During | 23615.45 | 23636.98 | 23527.22 | 23581.24 | -0.15% | 0.46% | 1,692 BTC |
| 10 Minutes | |||||||
| Before | 23597.42 | 23632.04 | 23537.38 | 23617.46 | 0.08% | 0.40% | 2,898 BTC |
| During | 23615.45 | 23689.88 | 23527.22 | 23676.50 | 0.26% | 0.69% | 3,198 BTC |
| 15 Minutes | |||||||
| Before | 23714.83 | 23717.54 | 23537.38 | 23617.46 | -0.41% | 0.76% | 5,645 BTC |
| During | 23615.45 | 23739.47 | 23527.22 | 23707.24 | 0.39% | 0.89% | 4,684 BTC |
| 30 Minutes | |||||||
| Before | 23746.65 | 23760.68 | 23537.38 | 23617.46 | -0.55% | 0.94% | 7,616 BTC |
| During | 23615.45 | 23739.47 | 23527.22 | 23671.55 | 0.24% | 0.89% | 6,933 BTC |
| 1 Hour | |||||||
| Before | 23763.85 | 23773.50 | 23537.38 | 23617.46 | -0.62% | 0.99% | 10,828 BTC |
| During | 23615.45 | 23739.47 | 23527.22 | 23631.15 | 0.07% | 0.89% | 11,681 BTC |
| 2 Hours | |||||||
| Before | 23774.24 | 23828.63 | 23537.38 | 23617.46 | -0.66% | 1.22% | 17,183 BTC |
| During | 23615.45 | 23739.47 | 23321.60 | 23412.33 | -0.87% | 1.76% | 30,241 BTC |
| 4 Hours | |||||||
| Before | 23759.78 | 23924.97 | 23537.38 | 23617.46 | -0.60% | 1.62% | 30,747 BTC |
| During | 23615.45 | 23739.47 | 23321.60 | 23378.24 | -1.01% | 1.76% | 47,372 BTC |
| 6 Hours | |||||||
| Before | 24384.68 | 24446.71 | 23537.38 | 23617.46 | -3.25% | 3.72% | 60,500 BTC |
| During | 23615.45 | 23739.47 | 23321.60 | 23518.20 | -0.41% | 1.76% | 67,248 BTC |
| 8 Hours | |||||||
| Before | 23899.13 | 24446.71 | 23735.00 | 23758.21 | -0.59% | 2.91% | 70,407 BTC |
| During | 23759.78 | 23924.97 | 23321.60 | 23378.24 | -1.63% | 2.52% | 78,120 BTC |
| 12 Hours | |||||||
| Before | 23899.13 | 24446.71 | 23537.38 | 23617.46 | -1.19% | 3.72% | 101,154 BTC |
| During | 23615.45 | 23739.47 | 23180.40 | 23330.25 | -1.22% | 2.36% | 107,754 BTC |
