![]() ![]() If for any reason the page does not load properly, feel free to let us know via an issue, but more than likely it is because we are updating to the newest version of the codebase or performing maintenance. If you want to use a hosted version of the app, check out this link here which has been graciously hosted by a member of the Ethereum community while we raise money via donations to migrate to AWS. Please do share this with your fellow coders / traders / crypto-aficionados, donate via the donation addresses included in the "Support Needed" section below, and contribute to the future of this project by calling out issues, requesting new features, and submitting pull requests to improve the app. This document aims to explain the purpose, functionality, and future of this project. ![]() Welcome! This is a Python-based Dash app meant to track whale activity in buy / sell walls on crypto-currency exchanges (presently just operational for GDAX, but more exchanges to come). But it's understandable to feel reluctant to add any risk to a portfolio right now.Crypto-whale-watching-app - Python Dash app that tracks whale activity in cryptocurrency markets. "Once we get below $25,000 I'd consider buying again. "I wouldn't advise people to sell all their bitcoin right now, but I wouldn't tell them to buy either," McClurg said. If they don't buy bitcoin at the right time, they could incur further losses. It's tempting for retail investors to buy the dip in these situations, but also highly risky. "I think it can drop as low as $22,000, but I'd be very surprised if it dropped below $18,000." "When there's a major downturn, the price of bitcoin can move very quickly," McClurg told Insider. He believes the token will bottom out at around $25,000, and could drop as low as $22,000. Major indices sliding would likely have a knock-on effect on the price of bitcoin, according to McClurg. ![]() "Target may be a harbinger of things to come - the pain clearly isn't over yet," he told Insider. That could be a sign that the stock market's teeing up for further carnage, McClurg said. Shares in the retailer plunged as much as 27% Wednesday after the company reported lower profits than expected - and the Dow Jones fell by 1,100 points the same day. Target was one of the major stock market stories this week. Keep in mind that while you can trade digital. "At this point I'd expect the S&P 500 to drop another 30%," McClurg added. Along with traditional assets like stocks, options, and currencies, traders also have access to cryptocurrency. "And as long as inflation's high, the Fed will keep pushing interest rates up." "Stagflation isn't just a risk, it's a reality," said. McClurg believes the Fed will remain hawkish over the next few months as it attempts to curb inflation, which is currently at a 40-year high of 8.3%, while GDP is at 3.4%. That badly hit growth stocks, which typically suffer during hiking cycles because borrowing becomes more expensive. In March, Fed Chair Jerome Powell announced that the central bank would start hiking interest rates. McClurg explained why he's anticipating further downturn for stocks and laid out a scenario where bitcoin could plummet below $22,000. "Anytime there's a complete market risk-off trade, funds will always sell out of their most liquid assets first - in this case, that's bitcoin and the Nasdaq tech stocks." "It's disappointing, but not unexpected," McClurg, the chief investment officer for Valkyrie Investments, which manages roughly $1 billion, told Insider in a recent interview. ![]() The two asset classes appear to now be correlated - and both could fall further over the next few months as the Federal Reserve raises interest rates, according to Steven McClurg. That has coincided with a sell-off in stocks, with the S&P 500 and Nasdaq down 19% and 28%, respectively. The best-known cryptocurrency is down 38% year-to-date, while ethereum has fallen 47%. It's becoming increasingly difficult for crypto bulls to argue that bitcoin offers investors uncorrelated returns. McClurg told Insider he's expecting the S&P 500 to fall 30%, which could push bitcoin as low as $22,000.There's more pain ahead for both asset classes, according to Valkyrie Investments CIO Steven McClurg.Stocks and cryptocurrencies have both plummeted this year as the Federal Reserve begins hiking interest rates. ![]()
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