Why is SBD crashing while Steem keeps around 2$?
I wish I knew whats coming next. What seems reasonable, is many investors are not liking the idea of having their Steems sized during weeks before exchanging. As quick as Steem Dollars are being released on accounts, seems like are being withdrawn.
A different interpretation
There is always a bright side. Steem Dollar price (SBD) is crashing while Steem price is withstading all the pressure (around 1,9$), this might end up in a domino-effect where masses of investors run for their cheap SBDs Dollars. Needless to say, this would have a positive direct impact on Steem price as a direct consecuence.
Because people are cashing out sbds it's the first step to cashing out steem. A lot of capital will be moving out of steem this week