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Bullish (BLSH) Stock Price & Analysis

Market: NYSE • Sector: Technology • Industry: Software - Infrastructure

Bullish (BLSH) Profile & Business Summary

Bullish provides market infrastructure and information services in United States. It operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity. The company also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries; CoinDesk Data, a comprehensive suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics; and CoinDesk Insights, operates Coindesk.com, a leading digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology. Bullish was founded in 2020 and is based in George Town, Cayman Islands.

Key Information

Ticker BLSH
Leadership Thomas W. Farley
Exchange NYSE
Official Site https://www.Bullish.com
CIK Number 0001872195
View SEC Filings

Market Trend Overview for BLSH

One model, two time views: what the market looks like right now, and where the larger trend is heading over time.

Current Market Context (Short-Term)

As of 2026-02-06 (ET), BLSH has no clear direction right now. Price at 27.45 is moving between support near 24.14 and resistance near 30.76. There is no clear direction right now. View Support & Resistance from Options

Why the market looks this way?

Recent price signals are mixed and do not point clearly in one direction. This makes the current environment harder to read until a clearer move appears.

Longer-Term Market Trend (Mid to Long Term)

Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-02-06 (ET)

As of 2026-02-06, BLSH is moving sideways without a clear direction. Over the longer term, the trend remains neutral.

BLSH last closed at 27.45. The price is about 0.1 ATR above its recent average price (27.20), and the market is currently in a sideways market without a clear direction.

The market is moving sideways, with no clear direction. Both upside and downside risks remain in play.

Trend Alignment Summary

Trend score: 35 out of 100. Overall alignment is unclear. The market is currently in a sideways market without a clear direction. Both short-term and longer-term trends lack clear confirmation.

Key Risk Level

There is no clear risk level acting as a key boundary right now.

Recent Trend Signal

On 2025-12-17, trend conditions deteriorated, suggesting that moves in the prior direction became less dependable.

Unusual Price Movement

[2026-02-04] Trading activity was heavy, but price made little progress.

Recent Price Behavior

Recent bars show mixed price behavior without a clear shift in structural quality or efficiency.

Overnight Positioning

Some late-day positioning was observed, but it lacked strong overnight commitment.

Short Interest & Covering Risk for BLSH

This analysis looks at overall short interest positioning, focusing on the broader setup rather than short-term noise.

Squeeze Score 0.81

Shows how likely a short squeeze may be under current market conditions.

Key Market Risk Indicators
Short Crowding (Short Interest / Float) 12.61%
Short Positions Trend Increasing
Liquidity Trend (Average Daily Volume) -20.94%
20-Day Return -30.15%
Price vs 20-Day High Below Recent Highs

Short Exposure Percentile

Short interest is above its usual range, suggesting rising pressure on short positions, though not yet extreme. (Historical percentile: 67%)

Structure Analysis

BLSH Short positioning looks normal. Current days to cover is 5.0 trading days, meaning short positions would unwind more slowly than usual. Short covering could add extra momentum to price moves.

Bull Trap Structural Risk

Risk Summary

No clear bull trap characteristics detected. Recent price behavior remains broadly consistent with current positioning.This reading helps confirm that current price action remains structurally healthy and does not indicate elevated trap risk.

Why Price Reactions May Be Stronger?

In the latest reporting period, short interest continues to increase. Average trading volume is weakening, indicating contracting liquidity. As a result, similar news or market events could lead to price moves about 3× larger than usual.

Note: Short interest data is reported every two weeks by FINRA. The most recent snapshot is 2026-01-15 (ET).
Because this data updates slowly, it is not intended to predict short-term price moves. Instead, it helps describe longer-term market structure and where pressure may be building if prices begin to move.

Analytical Modules