
Behold, the CryptoQuant scribes have deciphered the runes, comparing the febrile months of February to April 2025 with the present malaise. In those halcyon days, the Coinbase Premium Index, though oft dipping into the shadows, would swiftly return to the light. Discounts were but fleeting phantoms, absorbed by the voracious appetite of tactical sellers. Yet now, the shadows deepen, and the light grows dim. The current epoch is marked by a persistent negativity, a gaping wound that bleeds unchecked. US-based investors, once the stalwart guardians of the realm, have retreated, leaving the battlefield strewn with unresolved discounts and the bitter taste of abandonment.