agreed that this is very good for steemit but as it doesn't pump often then a pullback should be expected so hedging is wise.
Personally I think the market as a whole is now more rationally priced with only experienced traders really getting involved.
Based on the volume I don't think we're seeing new money at the moment so I'm doubtful a bull run will happen any time soon but then again it does only takes one piece of good news sometimes :)