#加密货币ETF Seeing Korean investors still pouring $1.4 billion into BitMine in 2025, I have to be honest—this is a classic case of "smart money" turning into "harvested money."

The stock price has fallen 80% from its peak yet they keep adding positions. It sounds like strong confidence, but I’ve seen too many stories like this. Endorsements from big players, well-known strategists backing it, the logic of holding coins—these all sound grandiose... but they are never risk hedges; rather, they are risk signals. Especially the $566 million invested in 2x leveraged ETFs, which has already lost 86%. This isn’t value investing; it’s betting on a rebound.

The problem is, ETFs and stock products in the crypto space inherently carry the trap of chasing highs. When institutions and influencers start talking about "long-term value," it’s often when retail investors are most vulnerable to being harvested. This Korean retail operation reminds me of a rule: the deeper the decline, the easier it is to ignite the illusion of "bottom fishing," but the real bottom is never this crowded.

What’s most heartbreaking is that the leverage tools they use are originally meant to amplify gains, but now they are amplifying losses. That’s why those who survive long on-chain must be wary of those "idealized" investment narratives. Good data doesn’t necessarily mean a project is healthy; many endorsements don’t mean lower risk.

Protect your principal, and the rest of the story will follow.