Data Analysis
The release
Released by the Bureau of Census on 16 September 2021 at 8:30 AM EDT. Retail Sales came in at 0.6% for August 2021, against -1.7% in July 2021. Retail sales are rising again, after a fall.
It arrived at the same moment as Retail Sales Excluding Automobiles, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
How Bitcoin moved
Bitcoin was at $47,879.79 when the figure came out. Fifteen minutes later it was 0.58% higher, and an hour later 0.24% higher. Its high-to-low range in the hour after was 0.67% of its price, against 0.64% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 1.85x, against 1.54x for a typical Retail Sales release since 2021. Its volume ratio was 1.48x, 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 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 came out 6 days before the Federal Reserve's 22 September rate decision. Its own ratio of 1.85x compares with 1.72x for those, about what its circumstances 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
48,015.46Close
47,702.4324h Change
-313.03 (-0.66%)24h High
48,557.0024h Low
47,021.1024h Volume
40,343 BTCUS Retail Sales
Bureau of Census
16th September, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 47889.11 | 47898.68 | 47872.05 | 47879.78 | -0.02% | 0.06% | 15 BTC |
| During | 47879.79 | 47928.69 | 47843.22 | 47924.84 | 0.09% | 0.18% | 27 BTC |
| 5 Minutes | |||||||
| Before | 47974.99 | 47974.99 | 47872.05 | 47879.78 | -0.20% | 0.21% | 90 BTC |
| During | 47879.79 | 47989.99 | 47843.22 | 47976.00 | 0.20% | 0.31% | 107 BTC |
| 10 Minutes | |||||||
| Before | 47916.06 | 47999.99 | 47872.05 | 47879.78 | -0.08% | 0.27% | 305 BTC |
| During | 47879.79 | 48137.76 | 47843.22 | 48100.48 | 0.46% | 0.61% | 334 BTC |
| 15 Minutes | |||||||
| Before | 47856.55 | 47999.99 | 47805.79 | 47879.78 | 0.05% | 0.40% | 424 BTC |
| During | 47879.79 | 48165.00 | 47843.22 | 48155.77 | 0.57% | 0.67% | 486 BTC |
| 30 Minutes | |||||||
| Before | 47895.01 | 48049.00 | 47743.52 | 47879.78 | -0.03% | 0.64% | 1,026 BTC |
| During | 47879.79 | 48165.00 | 47843.22 | 48037.00 | 0.33% | 0.67% | 808 BTC |
| 1 Hour | |||||||
| Before | 48041.92 | 48049.00 | 47743.52 | 47879.78 | -0.34% | 0.64% | 1,580 BTC |
| During | 47879.79 | 48165.00 | 47843.22 | 47994.59 | 0.24% | 0.67% | 1,371 BTC |
| 2 Hours | |||||||
| Before | 47788.89 | 48050.00 | 47623.00 | 47879.78 | 0.19% | 0.89% | 3,296 BTC |
| During | 47879.79 | 48165.00 | 47211.35 | 47570.25 | -0.65% | 1.98% | 5,357 BTC |
| 4 Hours | |||||||
| Before | 48096.98 | 48276.41 | 47623.00 | 47879.78 | -0.45% | 1.35% | 6,299 BTC |
| During | 47879.79 | 48226.38 | 47211.35 | 47958.43 | 0.16% | 2.10% | 9,574 BTC |
| 6 Hours | |||||||
| Before | 48370.59 | 48500.00 | 47623.00 | 47879.78 | -1.03% | 1.81% | 9,376 BTC |
| During | 47879.79 | 48226.38 | 47211.35 | 47445.32 | -0.92% | 2.10% | 13,009 BTC |
| 8 Hours | |||||||
| Before | 48015.46 | 48557.00 | 47337.58 | 48096.99 | 0.17% | 2.51% | 13,834 BTC |
| During | 48096.98 | 48276.41 | 47211.35 | 47958.43 | -0.29% | 2.21% | 15,873 BTC |
| 12 Hours | |||||||
| Before | 48015.46 | 48557.00 | 47337.58 | 47879.78 | -0.28% | 2.51% | 20,132 BTC |
| During | 47879.79 | 48226.38 | 47021.10 | 47702.43 | -0.37% | 2.50% | 20,211 BTC |
