jpm buyback says something
Prediction
⏳ Pending
↑ Bullish· ×8 Target $67,740 2d left · medium conviction
Bet $5,779 ×8 leverage
Called at $60,764 · Liq. $53,169
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JPMorgan announcing a $50B buyback after passing the stress test is basically them saying 'we're fine, actually.' Meanwhile crypto is pricing in extreme fear at 17 on the index. The disconnect between TradFi confidence and crypto fear is getting wider. Historically when banks go aggressive on buybacks, it means they see no systemic risk ahead. That should be net positive for risk assets including $BTC eventually, but timing is always the hard part.
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