Address Known as ZEC Largest Short Builds $2.12M ETH Long Position in 30 Minutes

An address known as the "ZEC largest short" (0xd475…) rapidly built an ETH long position valued at roughly $2.12 million on Feb. 3, Hyperinsight data show. The address opened its first ETH long at 15:47, purchasing 442.42 ETH for about $1.03 million, then executed five additional operations between 16:01 and 16:33 to average in and roll the position, accumulating about 780 more ETH. The total position reached $2.12 million with an average entry price near $2,320.96 per ETH and is currently showing a small unrealized profit. The same address previously established a large short on ZEC from around $184, at one point showing a floating loss of $21 million before turning profitable.