Steem Prices are found to be volatile. It ranged from the high of 73500 Satoshis per Steem to the low of 36250 Satoshis on Poloniex between 6th July to 13th July.
Analysis of the prices compared with the statistics of power down during the next week shows that there is a substantial decrease in the power down activities of the whales. #whalesanalytics project gathers all the information.
The activity of power down is directly proportional to the market price of the steem on the crypto currency exchanges.
When the prices move up the power down activity goes up and when the prices go down, power down activity also goes down. Typically, i have seen that in a week, there is a power down of 1.5 million dollars in a week, however during the week i analysed activity has reduced to 1.1 Mllion Dollars
