5.7 The Hidden Risks Behind the Frenzy 1. The Nasdaq has surged 25% in just 37 days, forming a steep upward slope. The AI narrative has expanded from chips to the entire industry chain. This kind of steep rise is unsustainable, but no one knows where the top is. 2. $BTC continues to climb, but $ETH hasn’t followed suit. Historically, phase tops are often accompanied by $ETH failing to hit new highs alongside $BTC. 3. Funding rates are still negative, and the Fear & Greed Index remains neutral, not yet entering greed territory. This indicates there’s still upward momentum, and altcoins still have room for catch-up gains.