According to CoinDesk, analyst Omkar Godbole stated that the defensive positioning in the stock market may stem from concerns that President-elect Trump's inauguration on January 20 could become a 'buy the rumor, sell the news' event. Over the past two months, risk appetite in financial markets has increased, with the market anticipating that the incoming Trump administration will implement reforms favorable to businesses and the economy, although the possibility of profit-taking should not be overlooked. Trump will be inaugurated on January 20, and there are widespread expectations that this will drive changes in cryptocurrency regulation, potentially even establishing strategic Bitcoin reserves in the coming months, both of which could provide support for the next market cycle. QCP Capital shares a similar view and states that traders should pay attention to new U.S. economic data on Friday before making further positioning.

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