Because Steem on Binance, Huobi and Poloniex is no longer liquid. The total available amount of liquid Steem is much smaller, since they powered up a large part of their Steem holdings.
RE: Weekly report: How much STEEM is stored on the exchanges? - March 5, 2020
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Weekly report: How much STEEM is stored on the exchanges? - March 5, 2020