🚀 Over $150 million in cryptocurrency derivatives liquidations in the past 24 hours! 😲 Market participants were caught off-guard by the rapid surge in digital asset prices. Here's the breakdown:

- Most wiped out positions ($110 million) were leveraged shorts, second-largest amount since late August 📉

- Bitcoin traders faced $55 million in liquidations, followed by ether traders with $29 million 💥

- Chainlink speculators saw over $9 million in liquidations as LINK hit its highest price since May 2022 📈

This comes as bitcoin rallied 4% to surpass $31,000 for the first time since July, and altcoins like Chainlink, Polygon, and Polkadot posted 6% to 10% advances 🚀

What do you think about this massive liquidation event? Share your thoughts in the comments below! 👇