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RE: Insanity at it's finest...and a new round of negotiations.
We shouldn’t get comfortable for sure...
At the moment there is a 10mil SP gap between blocktrades and the rest of the sock puppets. If he’s even considering to purchase such a massive amount from Bittrex or even Upbit just to “restore order” that would move the price to new highs...
I do feel uncomfortable tho seeing almost all our witnesses powering down...
I'm not too worried about the witnesses powering down; it seems to be a perpetual cycle, I expect primarily to pay for the expense of running a witness (servers, bandwidth, storage, etc.) — when the price of Steem is higher, they power down less, when it's low, they power down more.
Another possible explanation for the increased volume on Bittrex could be that Huobi and Binance both have their Steem withdrawal gateways suspended due to the fact that Justin got the Steem they have in client trust accounts locked up for 13 weeks... and people are simply using a different platform to trade.