$AAOI just saw $23.235K in long positions wiped out at $103.3089, showing that leveraged buyers were caught in a sharp move lower. The liquidation volume is heavy enough to highlight serious pressure around this level. Traders expecting continued upside were forced to exit, making the decline even more painful. AAOI now needs buyers to step in and defend the area. If weakness continues, another round of long liquidations could hit. A strong bounce from $103.3089 would be an important signal for bulls.
#Gold pulls back after rally #Grayscale launches Zcash ETF #Hyperliquid pushes for perpetuals clarity #Cosmos EVM security incident #Ethereum quantum-safe roadmap
