Conversion of HBD would help to eat it up, lowering the market cap and ratio.
Unfortunately, conversions don't earn full dollar of HIVE and the released (created) HIVE pushes HIVE price further down after 3.5 days of sky-is-falling posts all around.
I am pretty sure it is going to be intelectually challenging to play the market but I am afraid even the top prize is not too lucrative.