BlockBeats news, on June 9, John D’Agostino, Head of Institutional Strategy at Coinbase, said that although Bitcoin briefly dropped below $60,000 last Friday, it did not shake the confidence of institutional investors, as many large investors are using the dip as an opportunity to continue buying. Family offices, governments, and sovereign funds are still purchasing Bitcoin at lower prices. He stated: “They liked it at $125,000, they liked it at $100,000, and they like it even more at $65,000.”
D’Agostino stated that current Bitcoin ETF exposure remains around $100 billion. Despite Bitcoin’s price falling nearly 50% from its peak, retail interest has only retreated by approximately 15%. He also noted that there is no known evidence of major institutional Bitcoin holders being in a state of “severely over-leveraged” positions or facing liquidation. Some large leveraged Bitcoin entities appear to still have the capacity to continue accessing market financing to support their buying.