[Coinbase Strategist: Institutions Are Not Panicking Over Bitcoin, Lower Prices Are Actually More Favored] According to The Block, Coinbase's Head of Institutional Strategy, John D’Agostino, stated that despite Bitcoin recently dropping below $60,000, institutions are not panicking but are instead taking advantage of the dip to accumulate. He said, 'Family offices, government funds, and sovereign funds that are working to acquire these types of assets can buy at a discount, and they are not discouraged by this. Lower prices are actually more favored.' D’Agostino also pointed out that although Bitcoin's price has dropped 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 are not exiting on a large scale. He noted that large entities holding Bitcoin with leverage have the ability to continuously secure capital to support their purchases, and no significant institutions are facing severe leverage or liquidation risks.