Despite Bitcoin's 50% collapse from its all-time high, Coinbase's head of institutional strategy says sovereign wealth funds, family offices, and major institutions are aggressively buying the dip.

Bitcoin dipped under $60,000 for the first time since October 2024 after a surprise selloff by Strategy, unsettling market confidence despite the small transaction.

Family offices and sovereign wealth funds continue accumulating bitcoin despite the recent selloff, according to Coinbase's John D'Agostino.