Yes, unless we have a little internecine warfare going on between some of the traders' gangs. If one or more have them have covered their shorts and gone long, they definitely DO want people to look at that bid and say "nowhere to go but up now, think I'll hang on to my shares."
Of course, it could also be some hedge fund deciding to take a position, but you'd think they'd be smart enough to do it more gradually.
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