Flows Remain Positive but Coinbase Premium Flips to a Discount, SOL Continues to Outperform Market

Market Update The weekend saw choppy price action, following the significant leverage washout in the perps market on Thursday evening. $BTC revisited the $65k level, marking a roughly 12% decrease from the previous week's high of $74k. Since then, its price has partially recovered, currently trading just above $67k. $ETH experienced a steeper decline and a less vigorous recovery, dropping from last week's high of $4100 to $3400, and is now trading just below $3500. $SOL continues to outperform the broader market, having surpassed the $200 mark over the weekend. It has seen a 20% increase over the past five days. Few assets are outperforming today, but among them are $AVAX, which may be benefiting from a rotational trade from SOL gains, and $JUP, the leading DeFi platform on Solana. Equity markets are trending higher ahead of a significant week for macro data, with SPX up 0.76% and the QQQ up 0.90%. The focal point this week is the FOMC meeting. While it's unlikely that there will be any change in the policy rate, attention will be on whether the Federal Reserve adjusts its expectations for rate cuts this year when it releases its quarterly dot plot. The futures market is currently pricing in three rate cuts, with the first expected in July. Thus, any stance more dovish than this