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 0.64% higher from the event candle open to the end of its 15-minute window. The 5-minute move was +0.07%, the one-hour move was +0.56%, and pre-event RSI(14) was 70.6. Volume during the same window was 16.4 times the preceding three-hour average. Observed liquidations were $9.6M long and $3.8M short.
From the event candle, BTC moved +0.07% in 5 minutes, +0.64% in 15 minutes and +0.56% in one hour. Volume was 16.4 times its prior three-hour average, while pre-event RSI(14) at 70.6 indicated a short-term overbought. Liquidations in the 15-minute observation window were $9.6M long and $3.8M 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.