They are not using you as exit strategy ;)

Retail: "Buy the dip!"
Whales: "Thanks for the exit liquidity, champ!" 😉

Retail investors, as always, seem to have rediscovered the "buy high, sell low" strategy in perfect sync. After a run-up, these dips are now triggering panic. In classic fashion, retail is either holding the bag or buying more, both to the delight of early entrants.