Now the question arises why Steem dropped to $ 1.3, precisely because it is more sold than it is being bought.

Very correct. This goes on to demand and supply. Since everybody is selling, the price is going down. If people hold their steem, then demand would go up. And as we know, increase in demand would always lead to increase in price.

Nice one! @dobartrim. Thanks a lot for all your contribution to this amazing community. You are doing a fantastic work. Well done to you!!