This rally is driven by UpBit. Hive is getting more scarce due to the stabilizer, but on UpBit, it is absorbing Hive from everywhere else and there's now 60 million Hive passing hands between traders on that exchange.
For this reason, I think we'll see Hive price take a dive before it bounces back, because UpBit traders and speculators are not seeing the supply of Hive (on their exchange) become more scarce.
Just my own musing.