Mid range dolphins and similar may have quit their day jobs and started blogging full time, just to watch in horror, their dream revenue stream start to dwindle.
Now that is something that i think it is kind of a stupid move... It's too soon to go all-in on Steem, while there is a lot of things to happen. I know the high prices by the end of last year was probably the catalyst, but still, not a very smart move.
It is pretty stupid to count on something that is so volatile as cryptocurrencies to pay your bills.
Anyway, all this power down is probably the reason i am seeing the SBD/STEEM internal market below 0.8.
It is indeed a good time if you want to power up.