In my opinion, BTC is simply running on inertia right now. Once that inertia wears off, steem has a chance of making the mainstream as a currency instead of just a "token of appreciation" for a social media platform.
To date, I haven't kept much in steem, but I am starting to think about transferring more into it.
I won't transfer into Steem or even power up my SBD until the Bitcoin rally dies down. Maybe I'm part of the problem lol
Maybe it's now starting to die down a bit? A little diversification is never a bad thing