Cryptocurrency markets are trading sideways on Wednesday, with markets awaiting President Trump’s decision on potential sanctions against Russia.

Notable Statistics:

• IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 11.8% and 19.1%, respectively. Daily active addresses grew 8.3% and 1.3%, respectively.
• Coinglass data shows 136,367 traders were liquidated in the past 24 hours for $342.09 million.  
• SoSoValue data shows net outtflows of $196.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $73.2 million.

Trader Notes: Crypto Caesar sees Bitcoin support is holding well currently and there could be some sideways price action here.

CrypNuevo highlights Bitcoin liquidation clusters forming around $116,800–$119,000, making that zone a likely target.

From a swing trading view, a move into that liquidity area is expected, potentially rebounding from $113,000 (1-day 50 EMA) or $110,000 (key structural support). A drop below that seems unlikely for now.

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More Crypto Online noted Solana is still holding above the key Fibonacci level, but there’s no confirmed upside reversal yet. If it breaks below $158.58, it suggests a bearish scenario is playing out. Bulls need to defend this level for a potential bounce.

Trader Tardigrade observed that Dogecoin has reclaimed the 50 SMA and successfully retested it, signaling mid-term bullish momentum. If it continues to hold this level, another move to the bottom and a potential new high could follow.

Daan Crypto Trades highlights Ethereum will rally only within a time.

More Crypto Online sees XRP on a clear path to the upside following the yellow scenario, targeting the next Fibonacci levels at $3.84 and $4.33.

A break below the weekend low would invalidate this and trigger more bearish alternative scenarios.

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