[NBIS Surges Before Earnings Report, Then Falls Back, Turning a $3 Million Long Position into a Loss for a Whale] According to BlockBeats, on November 12th, Nebius (NBIS) closed up 18.32% overnight at $158.55. A whale with the account number 0x8d60 entered a long position during the rally, establishing approximately $2.81 million in NBIS long positions early this morning, using 1x isolated margin and an average entry price of $157.48. After the US stock market closed, the on-chain NBIS contract briefly rose to $159.12 before quickly falling back, hitting a low of $145.38, a drop of approximately 8.6% from its high. As of 10:53 AM, the contract had recovered to $152.54, still about 3.1% below the whale's average entry price. Currently, it still holds approximately $2.7 million in long positions, with a floating loss of approximately $87,400. The NBIS contract saw a trading volume of approximately $76.44 million in the past 24 hours, with open interest increasing by approximately 14% compared to the same period yesterday, and a notional open interest (OI) of approximately $32.13 million. Nebius is reportedly scheduled to release its third-quarter earnings report before the US stock market opens today and hold a conference call at 9:00 PM Beijing time. Previously, its peer CoreWeave reported record quarterly revenue and raised its full-year revenue guidance, leading to a rebound in AI cloud service stocks such as Nebius and IREN.