By Isaac • June 9, 2026 11:37 am •
Bitcoin slipped below $60,000 last Friday before climbing back above $63,000, a move that looked rough on the chart.
Coinbase’s institutional desk is telling a different story about who is buying it.
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Coinbase Head of Institutional Strategy John D’Agostino said institutions were not panicking about the decline. He pointed to family offices and sovereign wealth funds treating lower prices as a chance to accumulate at a discount.
That is a demand-quality claim, and it cuts against the panic narrative.
Coinbase strategist says institutions aren’t panicking about bitcoin, ‘love it even more’ at lower prices https://t.co/rk45JOb8Yb
— The Block (@TheBlockCo) June 8, 2026
The Block added these details:
According to The Block: Coinbase Head of
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