Traditional equity markets are running hot right now—we're talking full "hyper-bull" territory. Thing is, the protective mechanisms that usually cushion these frenzied rallies have essentially evaporated. That's the kind of setup that keeps traders up at night, especially when you're thinking about portfolio exposure across both traditional and digital assets. When mainstream markets lose their safety rails during extreme euphoria, it often signals heightened systemic risk. Worth watching how this plays out, and what spillover effects it might have on crypto sentiment and liquidity.