What conditions were the roots in when you transplanted it?
Is the plant putting out new growth with the accompanying new roots?
Those two factors might affect the ability of the plant to take up water, so you'll need to keep it very warm, shady, and humid until it recovers.
Concerning the medium, I suggest that you thoroughly soak it, wait 30 minutes, then do so again. It will retain more like that. Also, in the future, douse the bark with very hot water, then let it cool before use. That really "opens up" the structure.
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