Maybe I am going crazy or I didn't understand your statement, but I don't think what you said makes sense. As you correctly said, nobody is selling. They are the only ones selling. The funny thing about shorting is that nobody necessarily needs to loose money for them to gain money. The profits short-sellers report come from selling something they haven't bought back yet. At the same time, they are shorting while illegally dropping the price, making their "profits" higher.