I had a chance to do some testing this evening, and the white horizontal lines were at the top and bottom of the selected audio clip. The lines extend the full length of the clip. On some clips the bottom line has a 45 degree angle at each end, and the angled ends do not appear to be related to groove clip looping. I checked in preferences->colors and I could not find anything.
Here's the image. The clip on the right is selected.
This one does not have the 45 degree angle on the bottom white line.