If you take a look at the monthly chart of Steem/BTC you can see that steem has had a pretty rough go of it over the last 5 months.
5 straight red candles.
Now, some green shoots are starting to form.
Is this the beginning of a bit of a trend change in regards to steem/btc?
Unfortunately the dollar value of steem is actually right near its 5 month lows during this time so this doesn't get me too excited just yet.
But if money starts flowing out of btc and into some other coins I would imagine steem will be a beneficiary.