# Nebius Contract Drop Puts $2.8 Million Long Below Entry

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/54879
Published: 2026-11-12T03:46:32.000Z
Updated: 2026-11-12T03:46:32.000Z
Section: Investing

> The on-chain contract fell 8.6% from its post-close high to $145.38, below the trader’s $157.48 average entry.

A trader’s roughly $2.81 million long in an on-chain Nebius contract moved below its entry price after the contract fell 8.6% from a post-close peak ahead of the company’s quarterly results.

Nebius (NBIS) shares closed Wednesday at $158.55, up 18.32%. The trader opened the long during the rally at an average price of $157.48, using one-times isolated leverage.

After the U.S. market closed, the on-chain contract reached $159.12 before falling to $145.38. That low was $12.10 below the position’s entry price, putting the long below entry during the move.

Nebius was due to release third-quarter results before the U.S. market opened Thursday, Nov. 12. A conference call was scheduled for 8 a.m. ET (13:00 UTC). Nebius and IREN shares also rebounded after CoreWeave reported record quarterly revenue and raised its full-year revenue guidance.