I'm sure you can guess who has the kind of Steem to cap the Steem price. When Bitcoin is going up like this it is also pretty obvious why.
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I'm sure you can guess who has the kind of Steem to cap the Steem price. When Bitcoin is going up like this it is also pretty obvious why.
I don't see much point in deliberately pushing the price down when they could just let the market do its thing and dump their Steem on an OTC at a higher price. Unless they wanted to increase their stake by shaking up the weak hands.
If you look at the chart it appears they are selling Steem for BTC so as to benefit from the obvious BTC price rise.