a large amount of whales are powering down now (im also powering down the little SP i had)... each friday the price might go down a little more (as it did last night) :P the majority of steem there is, is in SP, and many dump them on the market as they power down, increasing the supply of steem while demand gets lower... i dont think the steem price will recover... i dont think justin has any reason to buy more steem anyway cuz tht would just cost him money and he already controlls the top 20 sockpuppet witnesses

btw 1 hive is around 0.00003996 bitcoin which is 0.2515 USD
https://global.bittrex.com/Market/Index?MarketName=BTC-HIVE