After almost a year of downtrend...all the Schmuks who thought they were so clever when we were in a bull market have disappeared. There are no retail buyers here at all.
This is an OTC market for new long term holders with deep pockets.
In their minds, maximum downside is 20-30% - upside is 300% within a year. When the fuze gets lit, it will be FOMO all over again.