Hey crypto,

When there are no buyers, and only sellers (in this case because everyone has already bought lower), then you are left with only supply and the price drops hard as a result.

As nobody is able to withdraw STEEM and SD from there, they have no other choice than to sell steem to another crypto.

This is what stood out to me in your analysis and is exactly the same theme as I just highlighted above. The buyers have already bought and can only sell. There is no other way for price to go here but down!

Once all this stuff with the exchanges settles down, normal market conditions will resume, demand will resume with it and finally price will rise as a result.

Relax :)