Having read this, this also sounds like a plausible explanation: https://old.reddit.com/r/wallstreetbets/comments/lanf94/gme_is_a_time_bomb_and_its_highlighting

Having read this, this also sounds like a plausible explanation: https://old.reddit.com/r/wallstreetbets/comments/lanf94/gme_is_a_time_bomb_and_its_highlighting_a_severe/ https://old.reddit.com/r/wallstreetbets/comments/lanf94/gme_... How I am interpreting this is that reddit's bet was too right -- these hedge funds were so exposed, and the momentum was building so fast against them, that it was about to create a liquidity problem that could threaten the stability of the entire market.