Coinbase strategist: Institutions are not panicking about Bitcoin; lower prices are actually more favored

According to The Block, Coinbase's institutional strategy head John D'Agostino stated that despite Bitcoin recently dropping below $60,000, institutions are not panicking; instead, they are taking the opportunity to accumulate. He said, "Family offices, government funds, and sovereign funds that are trying to buy these assets can do so at a discount, and they are not discouraged by this. Lower prices are actually more favored."

D'Agostino also pointed out that although the price of Bitcoin has fallen nearly 50% from its peak, Bitcoin ETFs still have about $100 billion in exposure, and retail interest has only decreased by about 15%, indicating that investors are not making large-scale withdrawals. He mentioned that large entities holding Bitcoin with leverage have the capacity to continue securing capital to buy, and no major institutions have been found to face serious leverage or liquidation risks.