One gets the sense of some desperation to try to keep the price down. I hope they run out of ammunition soon.
The numbers of sell orders sure have spiked in a short while.
I'd reckon quite a few are taking the opportunity to take a little profit whilst it's there.
It's what the past few years have trained us to do.
And kinda hedging of bets.
Probably sensible too, unless we are just at the beginning of a run similar to that caused by the MB announcement in January 2022.
Many, like Dolci, have trading positions on top of their longer term holdings so they can take advantage of both spikes and rerates.