L2There is ~ 300,000 on the Bid from .34 down to .30
And there is a 'displayed' WALL at .40. for 150,000+.
Split the difference and we are 'zoned' at ~ .35
That 'block' creates the impression that there is little upside to be had here.
Just what the MM's want you to believe.
That is until they have their boat loaded and the Ask of 150,000 turns to a Bid for 500,000 @ .35.
And the party starts.