Coinbase strategist: Institutions are not panicking due to the drop in Bitcoin, but are instead taking the opportunity to buy at lower prices

By: rootdata|2026/06/09 04:45:00
0
Share
copy
THETHE
--
NOTNOT
--
OPTIMISTICOPTIMISTIC
--

Coinbase's Head of Institutional Strategy, John D'Agostino, stated that despite Bitcoin recently dropping below $60,000, large investors such as family offices and sovereign wealth funds did not panic, but rather viewed the decline as a buying opportunity at a discount. He mentioned that these institutions were optimistic when Bitcoin was at $125,000, remained interested at $100,000, and "liked it even more" around $65,000. Bitcoin fell to $59,200 last Friday, marking its lowest point since October 2024, down about 50% from its peak of over $126,000 in October 2025.

D'Agostino believes that institutional confidence remains strong, investments in related market infrastructure continue, and Bitcoin ETF holdings are resilient. Currently, Bitcoin ETF exposure is still around $100 billion, even though the price has nearly halved from its peak, with retail interest retracting by about 15%. He also downplayed concerns about large institutional leveraged positions being forced to liquidate, stating that he is not aware of any major institutional Bitcoin holders being in a "severely over-leveraged" state.

-- Price

--

You may also like

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Overview of Important Market Events on June 16

Cursor, why did you get on Musk's spaceship?

SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15
1,000 BTC Protection Fund
1:1 proof of reserves and on-chain verification to keep your funds secure.
1,000 BTC Protection FundVerify now

Contents

Popular coins

Latest Crypto News

04:45

Bipartisan senators urge the U.S. Treasury to maintain state-level stablecoin regulatory authority under the GENIUS Act

A bipartisan group of senators led by Cynthia Lummis has written to U.S. Treasury Secretary Scott Bessent, requesting that the Treasury maintain states' regulatory authority over certain stablecoin issuers when formulating implementation rules for the GENIUS stablecoin bill. The GENIUS Act was signe...
04:45

The probability of the Federal Reserve keeping interest rates unchanged in June is 99.5%

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in June is 99.5%, while the probability of a cumulative rate cut of 25 basis points is 0.5%. By July, the probability of keeping interest rates unchanged is 92%, the proba...
04:45

U.S. Treasury options traders have differing views on the Federal Reserve's interest rate path, focusing on the tone of the Waller press conference

According to Jinshi reports, options traders' views on the Federal Reserve's recent interest rate path are increasingly divergent, with various betting directions ranging from bets on interest rate cuts in the coming months to differing degrees of interest rate hikes. Swap market pricing shows that ...
04:45

The US-Iran framework agreement plans to establish a $300 billion private fund to stimulate investment in Iran

According to a Reuters report, sources say that the U.S.-Iran framework agreement includes a plan to establish a $300 billion private fund to stimulate investment in Iran. The $300 billion Iranian investment fund can only begin operations after the final agreement is signed. The fund is a private in...
04:45

Data: The current 8-hour average funding rate for ETH across the entire network is 0.003%

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.003%. Among the current mainstream exchanges, the rate on Binance is 0.003%, OKX is 0.0031%, Bybit is 0.0099%, and Gate is 0.0027%.
Read more
Community
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com