I have made a fair bit out of gme in the past few months. Enough that I am now playing with the houses money.Or the more realistic explanation is that buying pressure dried up at the $200 range and now sellers are in control and will likely drive it to $130 range unless there is any new catalyst.
Not everything is some crazy hedge fund or MM conspiracy.
As far as I can tell, retail (the little guys) is taking it seriously and not selling, just buying more when they can.
The volume of trades has been so low the past few days, as the price drops, that it supports this theory.
And therefore is not unreasonable to assume that the trades now are the big guys just selling back and forth between themselves.