Waning Gibbous
As the Moon begins its journey back toward the Sun, the opposite side of the Moon now reflects the Moon’s light. The lighted side appears to shrink, but the Moon’s orbit is simply carrying it out of view from our perspective. The Moon rises later and later each night.

Beautifully described! This phenomenon reminds me of the way the crypto market can fluctuate, with assets rising and falling in value. Just like the Moon's waning gibbous phase, market trends can shift out of sight, but the underlying fundamentals remain unchanged.