Coinbase: Institutions actively buying BTC in the $60K range

John D'Agostino, head of institutional strategy at Coinbase, told CNBC that institutional investor sentiment remains strong despite Bitcoin's recent dip below $60,000. He noted that family offices and government sovereign wealth funds perceive the current price decline as a buying opportunity. According to D'Agostino, these investors favored BTC at $125,000, purchased it at $100,000, and are showing even more aggressive interest at the $65,000 level. He added that current spot BTC ETF holdings are being maintained at around $100 billion. While the price of BTC has fallen by about 50% from its peak, the decline in demand from retail investors has been limited to approximately 15%, he said.