A Korean funeral service company, Hyowon, just made headlines for all the wrong reasons. They invested 59.5 billion won into a 2x leveraged ETF tied to BitMine last year. Tom Lee was calling the top, and they bought in hard. But by the end of the year, that position had collapsed to just 10.2 billion won. Thats a brutal 82.9% drop, translating to roughly $35 million in paper losses. This is a stark reminder of how dangerous leveraged products can be in crypto, even for institutional money. If Ethereum doesnt stage a strong comeback, this isnt just a bad asset allocation anymore. Its a full-blown cautionary tale about chasing hype with leverage. Sometimes the smartest move is to sit on your hands and let the market come to you.