Market Slows While BlackBerry Surges; One Trader Records 70% Return
TechFlow News, June 26: According to Hyperinsight monitoring, amid elevated PCE inflation and broad-based pullbacks in tech stocks, BlackBerry (BB) reported Q1 revenue up 26% year-on-year—exceeding guidance—and raised its full-year outlook, standing out as a rare bright spot. On the Hyperliquid platform, BB’s perpetual contract surged 12.6% over the past 24 hours, currently trading at $10.28.
On-chain whales are broadly bearish overall: total notional short positions amount to approximately $9.6 million—2.17 times the long positions ($4.42 million)—indicating a significantly net-short posture. However, the average short entry price stands at ~$9.25, already breached by the current price of $10.28, placing short positions collectively in unrealized losses amid a short squeeze. In contrast, the average long entry price is ~$9.05, meaning long positions are already in unrealized profit.
Looking at liquidation price distribution: the nearest short liquidation level sits at $13.20—approximately 28.4% above the current price—while the nearest long liquidation level is at $6.72—about 34.7% below.
The top-performing address holds a 5x-leveraged long position worth $1.33 million, entered at an average price of $8.80, achieving a 70% return so far.
