Coinbase Executive: Massive Institutions Are Buying Bitcoin’s Crash

BTC

BTC/USDT

$84,014.88

+0.19%

$84,014.88

+0.19%

(24s)

24h Volume

$15,650,097,135.50

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

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…