Odaily Planet Daily News Analyst Omkar Godbole stated that the defensive positioning in the stock market may stem from concerns that the inauguration of President Trump on January 20 could be a 'buy the rumor, sell the news' event. Over the past two months, the risk appetite in financial markets has increased due to expectations that Trump will introduce reforms favorable to businesses and the economy after taking office as president, but the possibility of profit-taking cannot be overlooked as it is widely anticipated. Trump will be inaugurated on January 20, which will change cryptocurrency regulations in the coming months and may even alter Bitcoin's strategic reserves, laying the groundwork for the next round of rebound over these two months. Singapore's QCP Capital holds a similar view, stating that traders should closely monitor this week's FOMC and NFP data before further positioning, as these data are expected to further impact Bitcoin's price movement. (CoinDesk)

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