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RE: Steem Total Value Powered Up - $33 million - August 13, 2023
Thanks for the analysis. This week's data is pretty bad. Worst data I've ever seen. probably the amount of powerdown has increased quite a lot in recent weeks.
We had more powerdowns last December and in July/August of 2022, but yeah the powerdowns were pretty high last week. It's funny how fast powerdowns switched from "really low" to "pretty high". What concerns me the most, though, is the steadily declining numbers of minnows. That has been a longer term trend.
Minnows leave here when they don't get support. The strong ones stay here all the time. When the bull comes, everyone will be here.