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According to John D'Agostino, head of institutional strategy at Coinbase, Bitcoin fell below $60000 last Friday, but it did not affect the confidence of institutional investors, as family offices, governments, and sovereign funds continued to buy at low prices. He said, 'They liked it at $125000, liked it at $100000, and liked it even more at $65000.' Currently, the Bitcoin ETF exposure is about $100 billion. Despite a nearly 50% drop in Bitcoin prices at higher points, retail interest has only retreated by about 15%. He also stated that no major institutional Bitcoin holders have been found to be severely over leveraged or liquidated, and some large leveraged holders still have the ability to raise funds to support their purchases.