It's a good call and commend you for putting forward the idea- it was something I hadn't considered and diversity of ideas is something I value about this site.
I think you're right though that it probably isn't someone selling with inside knowledgeable. The volume is too low and remaining sell orders too small to suggest someone big seeking to exit, but the selling has also been so aggressive today that those selling/sold seemed determined to exit or possibly also the trading today has triggered a series of stop loss orders.
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