BLS Consumer Price Index. A macroeconomic development that may affect interest-rate expectations, the dollar and crypto risk sentiment.
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How did Bitcoin move after this news?
Bitcoin was 0.49% lower from the event candle open to the end of its 15-minute window. The 5-minute move was -0.24%, the one-hour move was -0.70%, and pre-event RSI(14) was 78.4. Volume during the same window was 3.2 times the preceding three-hour average. Observed liquidations were $0K long and $1.0M short.
From the event candle, BTC moved -0.24% in 5 minutes, -0.49% in 15 minutes and -0.70% in one hour. Volume was 3.2 times its prior three-hour average, while pre-event RSI(14) at 78.4 indicated a short-term overbought. Liquidations in the one-hour observation window were $0K long and $1.0M short.
Returns compare the opening price of the five-minute candle containing the announcement with the close of 1, 3 and 12 candles. They may differ from exact timestamp returns. RSI uses only completed pre-event candles.
These measurements show timing and correlation, not proof of sole causation.