**["ZEC's Largest Bear" Opens Position and Intensively Increases ETH Long Positions, Total Position Value Reaches $2.12 Million]** BlockBeats news, February 3, according to Hyperinsight monitoring, the address of "ZEC's Largest Bear" (0xd475…) conducted a series of intensive operations on its ETH long positions within approximately half an hour, including opening new positions, averaging down, and rolling positions. The total position value quickly increased from zero to approximately $2.12 million. At 15:47, the address first opened an ETH long position of 442.42 ETH (approximately $1.03 million). Subsequently, between 16:01 and 16:33, it executed five consecutive averaging down and rolling operations, cumulatively increasing its holdings by approximately 780 ETH. After multiple additions, the total value of its ETH long positions reached $2.1216 million, with an average entry price of approximately $2,320.96 per ETH. Currently, the position is in a state of slight floating profit. This address is known for establishing large-scale short positions on ZEC, having started shorting ZEC at a price of $184. During the process, it once faced a floating loss of $21 million but later turned profitable.