<ul data-eligibleForWebStory="false"><li>Bitcoin plunged below $103,000 post Israeli airstrikes amid intense bearish pressure.</li><li>Ethereum's funding rate dropped despite a 60% surge in open interest since May 1.</li><li>Bitcoin briefly exceeded $110,000 but slipped 1.2% as traders sold after CPI data.</li><li>Current Bitcoin price around $103,990 shows signs of stabilizing after a 4% drop.</li><li>Bitcoin remains under pressure with widened Bollinger Bands and lower band hugging.</li><li>Failure to hold above $106,000 breakout suggests potential deeper corrections.</li><li>Ethereum's market dynamics indicate a disconnect between prices and speculative activity.</li><li>Recent surge in Bitcoin and Ethereum largely attributed to short-term hype, especially from the Circle IPO.</li><li>Traders took profits after Bitcoin hit $110,000 and Ethereum neared $2,880 following CPI data.</li><li>Bitcoin maintains position above EMA50 but remains consolidated, while Ethereum's breakout shows optimism.</li><li>Speculation and lack of solid fundamentals raise doubts on the sustainability of recent crypto rally.</li></ul>

Bitcoin Crashes Below $103K Signaling Intense Bearish Pressure

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