Looks like Strategy's leveraged ETF products are taking a beating in this crypto downturn. When the market bleeds, leveraged instruments feel it twice as hard—that's just how the math works.

These ETFs were riding high during the bull run, amplifying gains for those willing to stomach the risk. But now? The volatility's flipped, and those same leverage mechanics are working in reverse. Positions are getting squeezed, and holders are watching their portfolios shrink faster than the underlying assets.

Not exactly surprising though. Leveraged crypto products are built for traders who can handle wild swings, not for the faint-hearted. This slump is a harsh reminder: leverage cuts both ways, and when momentum shifts, things can get ugly quick.

Anyone still holding these instruments better have a solid exit strategy—or nerves of steel.