No orchid should sit in water like this, that's going to rot the roots

I your growing medium always as wet as it is in the photo? If so, it should be less wet.

As others have said, that's way too much water. My wife usually puts one or two ice cubes on top of the soil around once a week and that seems to work well for ours.

Edit: sounds like this isn't a good idea after all. Apologies.

I generally recommend repotting in a mix of bark, it's probably getting aerial roots because it wants a bigger pot.

These generally grow on trees and need humidity but not extended soaks- I water mine once a week under a grow light with 80% bark soil. High humidity with very little actual standing water. They're sort of like succulents, in some ways!

Sometimes a bit of cold is fine for these plants. I believe some need a week of cold in order to flower consistently. Our drafty house is perfect for this- temperatures around 15-21c

Here is mine- the soil is out of focus, but it's primarily bark with a very small amount of other soil to keep some moisture in. I probably need to repot soonish!

You can see the roots rotting.