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Bitcoin consolidates near $103K, with $104K key support for short-term direction, while the EV2 project attracts increasing attention in the Web3 game space.
Bitcoin is currently trading just below $103,099, consolidating after a period of volatility as traders assess the market’s next directional move. Sentiment has shifted to a more cautious tone, as the $104,000 support level has emerged as a key area that can determine Bitcoin’s short-term outlook. A hold above this level can support bullish momentum, while a break below can provide a deeper correction towards the $101,000 area.
Funding rates indicate calm before the next major move
Last ones data on Bitcoin derivatives indicate a cooling phase in the market, as financing rates and volatility narrow. The chart features the price of Bitcoin (yellow), along with weighted open interest (OI) funding rates (green and red), to illustrate changes between traders.
When funding rates are in the green areas above the baseline, positive funding has occurred, indicating that long positions are dominant, and bullish sentiment is growing. On the contrary, when the rates go down to the red zones, there is a negative financing, showing a short pressure and a bearish feeling. Looking back, positive funding peaks occurred before rallies, while peaks in the negative funding category occurred before pullbacks and/or liquidation events.
Currently, Bitcoin prices and funding rates are compressed, indicating neutral sentiment and a lack of speculative activity. This quiet phase typically means that traders are preparing to position themselves for the next breakout. If momentum moves north of support, Bitcoin may retest higher resistance areas. Conversely, continued weakness could lead to that support level being evaluated for downside testing before a trend confirmation.
Performance Indicator and Momentum View
From 12th November 2025, Momentum instruments indicate a reduction in buying pressure. The MACD rejected/saw a bearish crossover when the signal line crossed over the faster line. The histogram has also turned red, clearly suggesting that momentum is down. Although this does not confirm a trend reversal, it indicates a reduced impulse to move higher in the short term.
The Relative Strength Index recorded a value close to 62.70, keeping Bitcoin just above neutral, but canceling its position in overbought territory. The indicator suggests that a level of buying interest exists, but it has also slowed down. Once the RSI indicates a move below 50, a downward trend pressure will begin to build.
EV2: Bridge between traditional Gaming and DeFi
Alongside the market movement, there are significant developments in the Web3 ecosystem of Functional toys environment
The project, working on the Avalanche network, aims to create a bridge between traditional gaming and decentralized finance through an integrated marketplace, offering rare, collectible-based digital items and monetized and upgradeable assets.
Players are allowed to interact with NFT in a market structure, as well as to earn and exchange tokens during the game.
The team behind EV2 includes professionals with a background in game and blockchain development, focused on long-term platform expansion and market systems, all of which are expected to be in place by 2025.
Also, I know EV2 Token Presale is underway, with the token serving as the central token for Funtico’s Web3 gaming ecosystem.
Final thoughts
In summary, Bitcoin is currently consolidating near $103,099, which suggests a critical decision point for traders. Holding above this support could renew bullish momentum towards $106,600. Meanwhile, the interest in the EV2 project reflects the growing engagement in the Web3 sector, highlighting the continued attention of investors towards blockchain innovation and game integration.
website: https://ev2.funtico.com/
Telegram: https://t.me/EV2_Official
