PANews reported on June 9th that, according to The Block, John D'Agostino, Head of Institutional Strategy at Coinbase, stated that despite Bitcoin's recent drop below $60,000, institutions are not panicking but are instead using the dip to accumulate. He said, "Family offices, government funds, and sovereign wealth funds that are actively buying these assets are not discouraged by the opportunity to buy at a discount. Lower prices are actually more appealing."

D'Agostino also pointed out that despite the nearly 50% drop in Bitcoin's price from its peak, Bitcoin ETFs still have approximately $100 billion in exposure, and retail investor interest has only decreased by about 15%, indicating that investors have not withdrawn on a large scale. He stated that large entities holding Bitcoin with leverage have the ability to continue to obtain capital to support purchases, and no large institutions have been found to be facing serious leverage or liquidation risks.