I can say that I am cashing out of some of my steempower on my @fuzzyvest account. I suspect many whales are doing the same.

Many of us are crypto veterans and are thinking of ways to put that money back into building tools for the ecosystem. Others might just be buying something nice for the first time in a long while.

Either way, I think it is a good thing that some of those whales give cheaper steem to the market so more people can become dolphins as we need more dolphins :)