I never said nothing to do with it. It is just almost definitely not even a top 2 reason for the price movement.
And down 30% in crypto from its highs is NOT panic selling. Come on now! Every crypto should expect up to 70% drawndowns at any given moment. The fact is, most people on Steem sell all the Steem they earn and few hold it and far far far fewer are net buyers of Steem in the long term. I'm a unicorn in this regard.