RE: Steem price will remain low, I am sorry…
It is BETTER now that these whales are getting out or downsizing their holdings. Until STEEM is distributed among the large number of STRONG HODLers, it is hard to start a strong rally on price. Therefore, it will take time. Somebody mentions that STEEM is inflationary, even all the top cryptos are the inflationary right now. LTC needs $2.16M to maintain current price not to mention BTC, ETH, BCH and others.
By the way, STEEM users are increasing at better numbers, that's nullify some of the STEEM sell pressure. Moreover, with upcoming SMT release and other features (budget, apps, easy account creation) integration, demand can rise sharply, STEEM can start a big rally in short time too.
Thought it is based on technical analysis, it has different view on STEEM's future price, $5 in near future?!:
https://steemit.com/steem/@antonburton/steem-to-usd5-by-january-as-explained-by-wildtrader-crypto-nights-episode-10
I do hope that you are right, I am sure price will go up once SMTs are released, however we are still some months away from that.
To counteract the sell pressure from this whale we need a few millions dollars in buy pressure, something that is possible, yet not easy to achieve in the short term.
Several millions? Does one whale owns several millions worth of Steem? Or are more than one exiting?
1 whale alone..
how do we find out how much the whale has left to sell?
You can do some dig into whales at https://steemwhales.com/
Its liquid Steem
It makes sense to me!