This present downward trend of STEEM is nothing to do with steemit but to overall crypto market. Due to upcoming big fork (free coins) and BTC derivative in CME, BTC is driving crazy. Traders and speculators are selling all their alticoins (e.g. STEEM) for bigger gain in BTC. In fact, steemit has made some good improvements and steemfest is celebrated, it supposed to be a positive trend for STEEM. Until BTC stabilizes, this trend will not break.