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Doesn't this just reflect the amount of people who used Blocktrades as a service?

Cg

I'm not sure, really, I didn't look into what code was used to do the calculation.

Yes, blocktrades is a complicated situation for multiple reasons because it's the only exchange account operating as a personal account as well. I did not exclude the exchange accounts from the list. Also, blocktrades provides a lot of great services such as directly purchasing Steem Power which other exchanges don't provide, which can further throw the numbers off.

This is what I assumed too.