Definitely agree, seems mostly like disillusioned retail sellers leaving, the larger investors seem to be holding tightly.
That's the issue with retail investors and why they underperform on average, so many lack the patience to invest in stocks like these. Many like to claim that they are long term but flee at the first sign of pain
Most just end up selling cheap shares to the bigger end of town
RAC - Charts & Price Action, page-16326
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