$OM: When the Surface Lies, Listen to the Depths
Most people only saw the chart. April 13 — price collapsed from $6.27 to $1.01. A brutal 84% drop. But the volume? Just $652 million.
That’s not mass panic. That’s silence. A few big exits, no one stepping in, and the floor vanished. The market didn’t scream — it held its breath. That’s what illiquidity looks like.
Then came April 14 and 15. Volume surged: $4.5B, then $3.2B. Suddenly, buyers and sellers came alive. The price hovered around $0.80, dancing on uncertainty. That was the market trying to feel its way back — real price discovery in motion.
April 22 brought another heartbeat — $880M in volume, moving gently from $0.51 to $0.55. No chaos. Just quiet hands placing quiet bets. That’s structure. That’s how bottoms form.
This isn’t just a dead cat bounce. It’s a market rebalancing after a mechanical flush — not because the project failed, but because the system got squeezed.
Volume speaks louder than price. And $OM? It’s not dead. It’s breathing again.
Structure returning. Liquidity stepping back in. First target? A humble $1. Let’s see if the market has the patience to believe again.
