$1T crypto market drawdown masks Bitcoin’s strong fundamentals: Coinbase exec

Despite a $1 trillion drop in the crypto market cap, Bitcoin's fundamentals remain strong, with long-term holders and institutional investors absorbing supply. Analysts attribute the decline to structural factors like leverage and liquidity rotation, not bearish sentiment. Coinbase's John D'Agostino highlights sovereign adoption and institutional interest as positive signs. Regulatory conditions remain stable, and long-term capital is entering the market, suggesting potential for a future rally.