Market Downturn: BlackBerry Bucks the Trend, Trader Achieves 70% ROI

BlockBeats News, June 26th, according to Hyperinsight monitoring, amid high PCE inflation and a general pullback in tech stocks, BlackBerry (BB) exceeded expectations in its Q1 earnings report with a 26% year-on-year revenue growth, raised its full-year outlook, and stood out against the trend. The BB contract on the Hyperliquid platform surged 12.6% in the past 24 hours, currently trading at $10.28.

The on-chain whales are predominantly bearish, with the total nominal size of short positions at approximately $9.6 million, which is 2.17 times that of long positions ($4.42 million), creating a significantly bearish market sentiment. However, the average short entry price is around $9.25, which has been surpassed by the current price of $10.28, causing the collective short positions to face forced liquidation losses; in contrast, the average long entry price is around $9.05, with overall unrealized profits.

Looking at the liquidation price distribution, the most recent short liquidation price is at $13.2, about 28.4% above the current price; whereas the recent long liquidation price is at $6.72, approximately 34.7% below.

Among them, the address with the largest profits, 0xfc07, has taken a long position with 5x leverage, with a size of $1.33 million, an entry price of $8.8, and currently has realized a 70% return.