These are shorts and have been for the down days of the last week or so. Level II shows 10m to 20+m sell orders for the last week. They are trying to panic longs, however the unlimited capital club longs keep buying it down. They are getting cheaper shares.
If it were longs selling they would not jump in with big sell orders with the stock down., but rather they or their broker would work the order a few thousand shares at a time and would never show the large size for sale.
What long would sell a $2 stock on the edge of the permit that will catapult it to $7 or higher?
Short squeeze shows 6.8 mm short as of 11/31. I;ll bet there is close to 10mm short now.