Part or all of the accumulated positions to that point, or perhaps if there were more than one group supporting. And one (or two) of the groups got nervous and dumped their holdings to get out.
I feel that initially all was OK as price came off a bit, and you can see that about half way down there was a bit of congestion that suggests it was supporting (or at least attempting to support). And if price had held at that level, the chart would have looked fine, and as expected.
But then price broke down again, and continued lower, and that is where my concern comes from. And from that point on, the trading was not as definitive and sharp.
Perhaps, I am just over cautious, I don't know....but for me it is a concern, and at least a scenario worth being aware of.......
that way, if you keep following the stock intimately, and the trading begins to offer more and more confirmation you can take advantage of it, or defend against it.
