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

CoinFeed reported on June 9th, citing The Block, that John D'Agostino, Head of Institutional Strategy at Coinbase, stated that despite Bitcoin's recent drop below $60,000, institutions are not panicking but are instead using the downturn to accumulate. He said, "Family offices, government funds, and sovereign wealth funds that are actively buying these assets are not discouraged by the opportunity to buy at a discount. Lower prices are actually more appealing." D'Agostino also pointed out that despite Bitcoin's price falling nearly 50% from its peak, Bitcoin ETFs still have approximately $100 billion in exposure, and retail interest has only decreased by about 15%, indicating that investors have not withdrawn on a large scale. He stated that large entities holding Bitcoin with leverage have the ability to continue to obtain capital to support their purchases, and no large institutions have been found to be facing significant leverage or liquidation risks.