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RE: Steem Price under Massive Pressure as more Whales Power Down.
You of course might be right, but what I have seen and heard from those who are powering down, cash flow is a major factor.
I'm afraid, I'll have to disagree with you on the over-bought, but lets see where we are in 3 months, 6 months.
Take a look at the news out of India on the RBI this week.
Blessings!