Markets are selling off despite no new macro data. This week’s update by @jbutterfill covers: - Why macro silence is fuelling volatility - Heavy BTC selling from whales + US2.6B ETP outflows - Short-term holders now fully underwater, raising liquidation risks https://coinshares.com/insights/research-data/market-update-14-11-2025/?utm_source=twitter&utm_medium=social&utm_campaign=Research&Data_MarketUpdate_14112025&utm_content=market-update-14-11-2025(CoinShares)