Bitcoin surged past $105,000, prices at levels not seen since late January. This jump happened even as the entire cryptocurrency market saw a 0.4% decrease. The total crypto market cap was down by 0.60% to $3.34 trillion over the past 24 hours. Bitcoin’s market dominance slipped a bit as well, ending the day at 62%.

Bitcoin gained 0.65%, reaching $105,015.33. This recent rise has brought Bitcoin to an important resistance level, as pointed out by Rekt Capital. On Twitter, crypto analyst Rekt Capital says a weekly close above $104,500 would confirm a “price discovery uptrend” for Bitcoin.

Ethereum followed suit, gaining 0.33% to $2,536.90. Ethereum has continued to consolidate between the mid-$2,400s and early $2,500s, with its market dominance now over 9%.

Due to recent activity in the markets, we have seen extreme liquidations. In the past 24 hours, the entire crypto market experienced more than $333 million liquidated. Bullish leveraged bets accounted for the majority of that — $216 million worth. Almost $720 million worth of Bitcoin shorts are at risk of liquidation. This is possible if Bitcoin reclaims its previous all-time high of $109,000.

Traditional markets showed positive movement. The Dow Jones Industrial Average jumped 254.48 points, or 0.62%, to end trading at 41,368.45. Dow Jones Industrial Average Futures rose, increasing by 436 points, or 1.06%, as of 8:36 p.m. EDT.

The real market reaction—the S&P 500 gained 0.58%, closing at 5,663.94—was the rally in S&P 500 futures, which rose as much as 1.34%. The tech-heavy Nasdaq Composite soared 1.07% to close at 17,928.14, while Nasdaq 100 Futures were even stronger—up 1.76%.