Hello @Henry Jia,
Thanks for reaching out!
I am able to reproduce your issue locally, and it seems to be a bug, as the @odata.nextLink is not available in the response for this API.
Since, this seems to be a bug, I would recommend you report this bug by raising a support case with Microsoft, a dedicated Support Engineer will be able to assist you better. You can raise support ticket from http://aad.portal.azure.comor https://admin.microsoft.com/#/support/requests.
Hope this helps.
If the answer is helpful, please click Accept Answer and kindly upvote it. If you have any further questions about this answer, please click Comment.