Coinbase strategist: Institutions not panicking over Bitcoin decline, instead buying the dip

Odaily Planet Daily News Coinbase Head of Institutional Strategy John D’Agostino 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 stated that these institutions were bullish when Bitcoin was at $125,000, still interested at $100,000, and "even more fond" of it around $65,000. Bitcoin fell to $59,200 last Friday, the first time since October 2024, dropping about 50% from its high of over $126,000 in October 2025.

D’Agostino believes that institutional confidence remains solid, investments in related market infrastructure continue, and Bitcoin ETF holdings are resilient. Currently, the total exposure of Bitcoin ETFs remains around $100 billion. Although the price has nearly halved from its peak, the retracement in retail interest is approximately 15%.

He also downplayed concerns about forced liquidations of leveraged positions held by large institutions, stating that there is currently no knowledge of any major institutional Bitcoin holders being in a state of "severe over-leverage."