Since the RS, the average daily volume has been ab

Since the RS, the average daily volume has been about 70k. That is nearly more than 5 mil shares traded. Acounting for a substantial day traders, it is stil hard to deny that the majority of selling is not by major holders. You can see it by the action on L2 even today. Every bid more than 1000 is taken out immediately. If it were the retail holders, the walk down would have occurred at very small volumes.