The recent Ornn H100 index drop to $2.63 (-7.72%) is confusing. But mostly because it's a misleading index. Our H100 hourly has been in a $2.70–$3.01 band for 146 straight days. Ornn's last month alone: $1.80 → $3.22 → $2.63.

Why? OCPI is built only from printed transactions. But H100 on-demand has been sold out across our coverage for months. No continuous spot tape exists. What's left is a thin residual of bilateral trades from a narrow contributor set. Small N gets pushed around easily.