Weebit - 2021and beyond, page-15

Why do people throw offers below the bids? We have 5 below?
is this somebody trying to cap it?

This has been going on for the last couple of weeks, looks to me like a well orchestrated accumulation process.
The accumulators pull out their bids and thin out the buy side, then someone keeps dropping small sell parcels below the bid for a few days. They wait until the sell side thickens up with the nervous holders who look to make a small short term gain as they are watching the SP drop.
As soon as there is large volume on the sell side close to the bid, they swoop in and wipe out the lines - mission accomplished.
I could be right off the mark, but this has been a recurring pattern since the SP started heading north.