Most likely reason 1 is more accurate at the moment. No one wants to be the "fool" that sold all his BTC at the "bottom".
However reason two is also legit. Overall activity on the various blockchains has fallen ( excluding Steem).
Most likely reason 1 is more accurate at the moment. No one wants to be the "fool" that sold all his BTC at the "bottom".
However reason two is also legit. Overall activity on the various blockchains has fallen ( excluding Steem).