[Coinbase Head of Strategy: Institutions Are Not Panicking as Bitcoin Falls Below $60,000, Still Buying the Dip] BlockBeats News, June 9: Coinbase Institutional Head of Strategy John D'Agostino stated that although Bitcoin briefly fell below $60,000 last Friday, it has not shaken 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 purchasing Bitcoin at lower prices. He remarked, 'They liked it at $125,000, liked it at $100,000, and like it even more at $65,000.' D'Agostino noted that Bitcoin ETF exposure currently remains around $100 billion. Despite Bitcoin's price dropping nearly 50% from its peak, retail interest has only pulled back by about 15%. He also mentioned that there is no indication of major institutional Bitcoin holders being in a state of 'severe over-leverage' or facing liquidation. Some large leveraged Bitcoin-holding entities still appear to have the ability to secure market financing to support their purchases. [Original Link]