Alright, fellow degens, let's dissect the recent saga of Coin B. What a wild ride, or rather, a slow, agonizing slide for anyone holding through Q4. Starting out in early October, we saw B testing the $0.30 mark with some serious gusto, that initial thrust around the 11th coinciding with an absolutely monstrous OI-Weighted spike. Classic. Everyone piling in, feeling bullish, then – poof – a swift correction.
The late October recovery was a sight to behold, pushing back above $0.25, again with a notable OI surge, but the conviction clearly didn't stick. From November onwards, it's been a rather grim affair. We experienced a sustained, soul-crushing descent. Notice those mid-November OI bumps? They barely registered a blip on the price chart, merely serving as fleeting moments of false hope before the inevitable southward trajectory resumed.
December, oh December. A dreadful descent below $0.20, then $0.15. The OI-Weighted chart through this period tells a tale of fading interest and declining liquidity, a slow bleed rather than a dramatic capitulation, save for that curious red dip in late December. Now, as we squint into early January, B is hovering just above the $0.11 level. The price looks like it's trying to catch its breath, but the overall OI-Weighted activity remains subdued. The absence of significant green spikes while price consolidates at these lows suggests a market holding its breath, waiting for a genuine spark, not just another feeble rally. Potential dead cat bounce territory if OI doesn't confirm any upward momentum. Tread carefully, gang.