Coinbase strategist: Institutions are not panicking over Bitcoin's drop, but are buying the dip
Odaily星球日报讯 John D’Agostino, Head of Institutional Strategy at Coinbase, stated that despite Bitcoin briefly falling below $60,000 recently, large investors such as family offices and sovereign wealth funds have not panicked. Instead, they view the decline as a discounted buying opportunity.
He noted that these institutions were bullish on Bitcoin at $125,000, remained interested at $100,000, and "like it even more" around $65,000. Bitcoin fell to $59,200 last Friday, the first time since October 2024, down approximately 50% from its peak of over $126,000 in October 2025.
D’Agostino believes institutional confidence remains solid, with ongoing investments in related market infrastructure and resilient Bitcoin ETF holdings. Current Bitcoin ETF exposure remains around $100 billion, and despite prices nearly halving from highs, retail interest has retracted by only about 15%.
He also downplayed concerns about forced liquidations of leveraged positions held by large institutions, stating that no major institutional Bitcoin holders are currently known to be in a state of "serious excessive leverage."
