I hope you didn't jump... Since the meteoric rise of 30x+ value for STEEM, the last month has seen a consistent slump in price. This has been called out by the community for many reason but the main ingredient seems to be the same when looking for information

Whales powering down

Apparently this is a serious price problem. This means the "big Players" aren’t buying anymore but instead they are slowly liquidating their accounts. This has been producing massive selling pressure with the common belief 

 If the Whales are cashing out, why should Invest?

Many traders follow the whale’s actions, and the whales know this! Because the whales are big time crypto pump and dump experts!  

Ask yourself... How many times did Eth dump before skyrocketing?  How about the recent success of Monero?

With Steemit there is a completely different scenario playing out. 

The whales have multiple reasons to make it seem like they are cashing out

1) Muli-Accounts:  Many whales have multiple accounts, simple as that. When a Main whale that has a lot of power is "Powering Down” there is another account that might be gaining by "powering up". But the common user won’t know this because we only follow the largest accounts.

2) Whale Money:  Many of these big time whales invested a ton of money early on. After the huge increase in value, many are taking small profits due to the 2year power down policy. But these profits aren’t being cashed out, instead are being held for the "right" time to re-buy. 

3) Whale Money2:  These same whales have a ton of cash and are also gaining a whole ton of SP with curation rewards. By consistently selling, they can push the price down without a huge impact on their SP, and after the price has deflated and week hands are removed, they will rebuy much much more.

There are also some "Super" whales I have been keeping an eye on.

This guy @blocktrades has been powering down all month, but for some reason his SP just doesn't decrease! He's got a system in place where it appears that he is "Cashing out" but is in fact gaining more SP.  This is interesting to say the least.

My pal @berniesanders! He is definitely an eagle from the sky. Swooping in to bring massive value to many posts. But he is also quite the deceiver, as his SP is also increasing while he is supposedly "Cashing Out" some 20k per week. I have noticed that he was down to nearly 1.8mil SP but just recently has added some 200k Steem to bring him over 2mil SP. 

Other smaller whales are also showing an increase in SP. This makes you have to ask

What da Fuq is going on here?

To me it becomes apparent after the bear trap that has happened within the last 24hours. Yesterday there was a series of massive sales with increased volume that brought the price from 150k down to 125k. But shortly after, massive buys appeared that jumped the price into the 200k territory.

Let’s zero in on this event

The only people interested in buying huge amounts are the same whales who are also driving the price down. The STEEM coin is in high manipulation mode right now, trying to shake out week hands and small time holders before the real pump. 

I called the dip to the low 130k where I had some orders filled, and after the small pump today into the 200k range, I am confident that STEEM is out of the constant downslide, I can't completely say its bull-run time but it seems that the whales are interested in accumulating more STEEM, even though it "Looks" as though they are cashing out. Even if your scared, It's a good time to

 HODL

I would expect the price to remain relatively steady until more updates are made and the site is brought out from beta mode. I also do expect a large increase in value in the future as the site is a revolutionary change to the way social media is conducted and the user base has been consistently growing.

There is definitely some issues Steemit has, but the site is in its infancy stage and it is obvious the dev team @ned and @dan are very talented individuals... I'm actually wondering if these two aren’t from another world, as there genius approach is obviously not from Earth.

Again, I hope you didn't jump as you will just be feeding the whales.

Thank you for reading and up voting. Follow me @generation.easy and comments are always welcomed