Several warning signs of the current cryptocurrency and stock craze: 1. Major projects' large financing plans are announced but instead of rising, they fall. 2. Leading cryptocurrencies representing assets are experiencing continuous declines, and rebounds only lead to further losses for investors. 3. The focus of cryptocurrency speculation is gradually shifting towards mid- to low-cap assets (recent strategies for SOL, BNB, ENA), with noticeable capital diversion and a seesaw effect, and the performance of mid- to low-cap assets is also relatively weak, with daily charts filled with numerous warning signals, including the bloodsucking of stocks like OPEN. 4. The hype project in this round of cryptocurrency and stocks, Metaplanet, is showing a downward trend. 5. The number of "scissors" (shell companies) buying shells and selling stocks is still increasing, with the growth rate of these "scissors" outpacing the endurance of foolish money in the secondary market of U.S. stocks. Cryptocurrency stocks are highly dependent on FOMO (fear of missing out) sentiment. Once this sentiment is damaged and interrupted, a round of stagnation occurs, cooling down, and the pullback can be quite severe. If ETH also starts to decline at this time, it will further amplify the reversal of the flywheel.