I've been monitoring this for a while and I have noticed that sellers, while consistently below current, seem to fluctuate a lot.

The past week alone I've seen them at 80, 60, and now 42:

https://backpack.tf/item/8559186646

The seller from the suggestion has raised his buyout to a comically high one that bears negligible relevance for this suggestion. With this in mind I would wait for this to get proper sales. Sure, it needs a drop, but I do not see updating this to 70 as favored over leaving outdated when so little points at 70 as a solid value for this.

My rationale (and main problem with BO drops as a whole), is that I prefer the least possible inaccurate updated hats. Making this 70 now implies it currently sells for 70, which it clearly does not (same as with most BO drops). Im generally okay giving that a pass (as it usually gives the market a little nudge to adapting by making the sellers drop their price even further) despite my usual hesistance, but if the value the hat would be dropped to is not even a consistent one, my concerns get more severe.

Even there I'm typically okay if for instance a hat priced at 200 is unsuccessful for ages at 100 and then drops to 95 the last few days the suggestion is open, but here, I just dont see 70 as a proper representative value.