I do think we are seeing a lot of whale cash outs and this will continue as people start making large amounts of money the thing is the platform is getting thousands of new users a day now and its going to level out as more and more people join the site and the steem gets more spread out, this will jump the price back up and another wave of big earners will come in and then start to cash out and they cycle will continue. The bottom line is steem is not going anywhere, steem will rise and see a 10 dollar mark and 25 dollar mark and more and more... this is all a matter of time....
how long will it take??? who knows but its fun to guess.
hold strong!
I will not power down for the rest of this year.