"I feel like a hedge fund super shorted Friday evening. Were unable to short Monday morning due to the NASDAQ circuit breaker rule and knowing that would be the case spent a lot of planned money to undercut the ask Monday morning to continue the panic. Then they could cover their shorts at an even lower price than Friday and/or pick up some shares at a lower price."
-They probably also knew a lot of people were probably going to get a margin call from the whole thing too making it even worse. I think a lot of people shorted on Friday for this reason too.