BTC Volatility Analysis for Retail Sales, 14th October 2022

Data Analysis

Measured by Clometrix

Bitcoin's volatility ratio was 2.67x, against 1.54x for a typical Retail Sales release since 2021. Its volume ratio was 2.47x, 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 $19,627.17 when the figure came out. Fifteen minutes later it was 0.49% higher, and an hour later 0.44% higher. Its high-to-low range in the hour after was 1.52% of its price, against 0.56% in the hour before.

The release

Released by the Bureau of Census on 14 October 2022 at 8:30 AM EDT. Retail Sales came in at -0.3% for September 2022, against 0.6% in August 2022. Retail sales are falling, after a rise.

It arrived at the same moment as Retail Sales Excluding Automobiles, Import Price Index and Export Price Index, 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 2.67x 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

19,425.61

Close

19,207.68

24h Change

-217.93 (-1.13%)

24h High

19,951.87

24h Low

19,070.37

24h Volume

347,825 BTC

US Retail Sales

Bureau of Census

14th October, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time Open High Low Close Change Amplitude Volume
 
1 Minute
Before19653.4619656.8019620.0019627.17-0.13%0.19%295 BTC
During19627.1719671.0019556.7719657.580.15%0.58%1,681 BTC
 
5 Minutes
Before19633.0819667.7319620.0019627.17-0.03%0.24%1,182 BTC
During19627.1719700.0019556.7719688.560.31%0.73%3,790 BTC
 
10 Minutes
Before19633.2919667.7319617.8919627.17-0.03%0.25%2,130 BTC
During19627.1719720.3519556.7719713.090.44%0.83%5,481 BTC
 
15 Minutes
Before19610.7919667.7319595.0019627.170.08%0.37%3,172 BTC
During19627.1719726.9719556.7719724.070.49%0.86%7,115 BTC
 
30 Minutes
Before19596.2519667.7319593.6019627.170.16%0.38%5,891 BTC
During19627.1719854.4819556.7719802.960.89%1.50%15,105 BTC
 
1 Hour
Before19697.9019698.4719588.2219627.17-0.36%0.56%12,340 BTC
During19627.1719854.4819556.7719714.400.44%1.50%23,823 BTC
 
2 Hours
Before19714.5219748.5419588.2219627.17-0.45%0.81%23,610 BTC
During19627.1719854.4819351.0919456.48-0.88%2.54%61,131 BTC
 
4 Hours
Before19572.1419748.5419530.0019627.170.28%1.11%50,465 BTC
During19627.1719854.4819220.7319327.45-1.55%3.19%106,811 BTC
 
6 Hours
Before19820.4519830.0019530.0019627.17-0.98%1.51%83,398 BTC
During19627.1719854.4819211.0819270.98-1.85%3.24%129,229 BTC
 
8 Hours
Before19425.6119951.8719391.0819572.140.75%2.81%121,009 BTC
During19572.1419854.4819220.7319327.45-1.27%3.19%157,276 BTC
 
12 Hours
Before19425.6119951.8719391.0819627.171.03%2.81%171,475 BTC
During19627.1719854.4819070.3719207.68-2.18%3.95%176,350 BTC

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