Average STEEM flow intensity for last 5 months:
My previous weekly report -> STEEM flow report #7
Investigating STEEM price chart, it seems to me that STEEM business was sleeping before sunny month May. Then go to alive in June and roller-coasters are started.
STEEM price chart
April and May was months when STEEM actively flow to exchanges and then flow went down. In July STEEM mostly returning from exchanges to the Steem accounts.
In opposite SBD massively flowed away to exchanges only from June and returning mostly in August.
To/From exchange ratio shows that liquid STEEM returning from exchanges in July and SBD in August.
It could be explained by SBD price on exchanges in June was sometimes over 2 USD! In July SBD price returned to ~1 USD and conversion to STEEM had became more profitable inside STEEM blockchain.
SBD price chart
That is why internal SBD conversion was popular in July-August with attractive feed price still more then 1 USD. SBD burning to "
Power down as usually prevails in constant rate about 400 STEEM per minute in average with a peak in June.