A Coinbase strategist has said that institutional investors did not panic during Bitcoin’s recent price decline, instead using the drawdown as an opportunity to accumulate at lower levels. The comments, reported by The Block, suggest that large buyers viewed the pullback as a buying window rather than a reason to exit positions. A separate report from The Crypto Basic noted that a Coinbase executive indicated institutions showed more enthusiasm for Bitcoin at $60,000 than at $125,000.