Coinbase Strategist: Institutions Not Panicked by Bitcoin's Drop, Instead Buying the Dip
Odaily Planet Daily News: 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 when Bitcoin was at $125,000, still interested at $100,000, and are "even more fond" of it around $65,000. Bitcoin fell to $59,200 last Friday, the first time since October 2024, representing a drop of about 50% from its high of over $126,000 in October 2025.
D’Agostino believes institutional confidence remains solid, investment in related market infrastructure continues, and Bitcoin ETF holdings are resilient. Currently, Bitcoin ETF exposure is still approximately $100 billion. Although the price has nearly halved from its peak, retail interest has only retreated by about 15%.
He also downplayed concerns about forced liquidations of large institutional leveraged positions, stating that he is not currently aware of any major institutional Bitcoin holders being in a state of "severely excessive leverage."
