I'm on phone so here's a short reply. I think there's a lot of FUD as steemit 2.0 comes out on EOS.
Another big reason is large accounts powering down millions and selling it on exchanges. @ned recently sent 200k Steem to an account that has been selling on binance while still powering down millions
Do you know whether that steem is actually being sold by Ned or not?! Could be moving his stake around...
He moved 200,000 Steem to an account that has been constantly selling Steem. You can have a look at the transfers here.
I feel like he's moving his stake around, perhaps it's time for some old whales to leave and some new whales to come in, who knows. That Steem's gotta go somewhere!
I mean do you know he is actually selling it? Just because it is being sent to an exchange doesn't necessarily mean it is being sold...