Liquidity risks are resurfacing across markets. Uncertainty around the next Federal Reserve Chair and a firmer stance from the Bank of Japan have weighed on risk assets this week. Fund flows point to a more cautious investor stance rather than a breakdown in fundamentals. More here: https://coinshares.com/insights/research-data/market-update-23-01-2026/?utm_source=twitter&utm_medium=social&utm_campaign=Research-data_MarketUpdate_23012026&utm_content=carousel_orange_market-update-23-01-26(CoinShares)