It's spring, I think people are running spring fevers. Time for people in the north to think about upcoming vacation plans, and people in the south to think of last minute vacation plans before winter totally sets in. Steem is around the world, right now more people seem to be in the northern hemisphere than the southern one, but still a pretty dang good spread of people, countries and locals.
Perhaps instead of following only one countries eccentricities steem is starting to follow a world eccentricity pattern. A little turmoil around the world a little turmoil around steem.
But I don't think steem is dead, it has a long way to go before it dies.