Lates News

Coinbase's institutional strategy executive John D'Agostino said that Bitcoin fell below $60,000 last Friday but did not shake the confidence of institutional investors. Many large investors are taking advantage of the dip to continue buying. Family offices, governments, and sovereign funds are still buying Bitcoin at low prices. He said, "They liked it at $125,000, they liked it at $100,000, and they like it even more at $65,000." D'Agostino said that the current Bitcoin ETF exposure is still around $100 billion. Despite a nearly 50% drop from its all-time high, retail interest has only retreated about 15%. He also stated that there is currently no knowledge of major institutional Bitcoin holders being "severely overleveraged" or facing liquidation. Some large leveraged Bitcoin entities still seem to have the ability to continue accessing market funding to support their purchases.