This downtrend is because people dumping steem (and all altcoins actually) for buying BTC before the hard-fork, after the hardfork things should get back to "normal" (people buying super cheap altcoins)... Though we still have another BTC hardfork on november, so this huge altcoin dump could repeat itself or last longer than expected...
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Well let's hope that we will see an increase again after the hard fork.