$LITE just recorded $5.8953K in long liquidations at $807.57802, showing that leveraged buyers were caught during the latest move lower. Traders expecting continued upside were forced to close their positions, adding more selling pressure along the way. The liquidation volume may be smaller than DELL or CSCO, but it still highlights weakness around this price. LITE now needs buyers to stabilize the area and regain momentum. If support fails again, another wave of forced selling could quickly follow.
#Gold pulls back after rally #Grayscale launches Zcash ETF #Hyperliquid pushes for perpetuals clarity #Cosmos EVM security incident #Ethereum quantum-safe roadmap
