It is obvious that there is no other better time than a bearish day to close short positions.
My guess is that shorters are closing their short positions after BTA did not hit the $1 mark. I was also surprised why the $1 line was not breached.
The share market has been increasingly becoming a predators' world. It is no longer a place for investments.
GNS has been a recent example of the victim of such a share market.