Sathvik Vishwanath, one of the Co-Founders and the Chief Executive Officer of Unocoin, noted that the series of inflows into BlackRock’s ETF has ceased, exerting an impact on the bitcoin market. The investment in BlackRock’s IBIT has witnessed a decline for the first time since January, aligning with diminishing enthusiasm in other funds. Despite encountering regulatory hurdles, Hong Kong is preparing to launch bitcoin and ether ETFs to challenge the supremacy of the US market. Conversely, Fidelity’s Bitcoin ETF has garnered a significant investment of \(40 million, signaling institutional confidence amidst limited public participation. Currently, Bitcoin is priced at \)64,165, with a pivot point established at \(65,825. The resistance levels are positioned at \)67,687, \(69,232, and \)71,068, while the support levels are at \(63,654, \)61,387, and \(59,746. These statistics indicate a bearish perspective if the price persists below \)65,825.