If it wasn't orchestrated selling (to appear as you've described) then I know nothing!! No one puts HUGE ask walls like that after a tiny volume walk-down of ~40% share-price & while the stock is recovering & being bought UP...throws a 2mm ask...that is either the STUPIEST investor/trader or we are "being sold a story"...I can't believe a retail investor KNOWS no better than to "donk" shares off at the "practical" low of the day... just silly to me...but, that's just my pov.
AND, btw, careful L2 watching showed the aforementioned "retailer" messing with 1-1.4mm (up to 1.9mm) share lots QUICKLY flashing at multiple price points...I don't see retailers be THAT DUMB,....but THAT QUICK neither...
I SAY LOAD & BUY what you can....there WILL BE COVERING going on here as we move into Friday!!
Keep in mind,...short-interest, hedgies, & other "players" can route orders through any MM they like!!