🔭 Fragile altitude Burry’s warning matters less as a headline and more as a stress test for a market already leaning on perfect execution. When the Nasdaq 100 trades this rich, the real question is not whether growth is impressive — it’s whether the earnings story can keep outrunning gravity. 🧲 I think the bull case still rests on one thing: profits must stay elastic enough to justify the premium. The bear case is cleaner, though — if those fastest-growing names disappoint even modestly, valuation compression can turn into a fast, ugly repricing because there’s so much narrative baked in. My lean is cautious: this smells more like a crowded optimism phase than a healthy base, and that usually spills into BTC and ETH when risk appetite cools. 👁️‍🗨️ The sharpest takeaway is simple: when expectations are this stretched, even good news can start feeling inadequate. ⚠️ Personal analysis only. Not financial advice. DYOR. #Nasdaq100 #BTC #ETH