NBIS surged before earnings then pulled back, turning a long-chasing whale's $3 million position into an unrealized loss.

BlockBeats news, November 12, according to TradingBeats monitoring, Nebius (NBIS) US stocks closed overnight up 18.32% at $158.55. A whale starting with 0x8d60 chased the long during the rally, opening a new NBIS long position of approximately $2.81 million in the early hours of today, using 1x isolated leverage, with an average entry price of $157.48.

After the US stock market closed, the on-chain NBIS contract once rose to $159.12, then quickly fell back, hitting a low of $145.38, down about 8.6% from the high. As of 10:53 AM, the contract recovered to $152.54, still about 3.1% below the whale's average entry price. Currently, it still holds a long position of approximately $2.7 million, with an unrealized loss of about $87,400.

The NBIS contract's 24-hour trading volume is approximately $76.44 million, with open interest increasing about 14% compared to the same period yesterday, and nominal OI at approximately $32.13 million.

It is reported that Nebius will release its third-quarter earnings before the US market opens today and hold a conference call at 21:00 Beijing time. Previously, peer CoreWeave reported record quarterly revenue and raised its full-year revenue guidance, driving a rebound in AI cloud service stocks such as Nebius and IREN.