Coinbase Executive: Massive Institutions Are Buying Bitcoin’s Crash

BTC

BTC/USDT

$63,087.74

-0.05%

$63,087.74

-0.05%

(24s)

24h Volume

$2,488,928,248.40

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

Bitcoin Magazine Editorial

(09:29 PM UTC)

1 min read

Reviewed byEmily Watson

0 comments

Bitcoin fell below $60,000 for the first time since October 2024 on Monday, sinking as low as $59,099 — a move that marks a decline of more than 50% from its all-time high near $126,000.

But according to John D’Agostino, Coinbase’s head of institutional strategy, the drop is being welcomed — not feared — by the most sophisticated players in the market.

Appearing on CNBC’s Squawk Box…