Bullish (BLSH) — chart, structure and Closelook read

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Company snapshot — Bullish

BLSH in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
The company operates a digital asset exchange that matches spot and derivatives trades through a central order book paired with automated market-making, meant to keep liquidity steady and pricing predictable. It also runs CoinDesk Indices, benchmarks that track digital-asset prices for exchanges and asset managers, and CoinDesk Data, which streams live pricing and market analytics. It was founded in 2020 and is based in George Town, Cayman Islands.
Where it sits in the stack
It carries no seat in Rubin, our AI build-out index; within our wider universe it sits in the digital-asset infrastructure sleeve, alongside exchanges and data providers that serve crypto markets rather than semiconductor or compute supply chains.
Who it is priced against
The diary has no peer group set for this listing; the exchange most often named alongside it is Coinbase, another listed crypto trading venue.
Why Closelook tracks it
It holds no index seat in the diary and no Closelook score has been built yet; the diary has not quoted it in any edition so far.
What the diary watches
The diary watches whether trading volume and index licensing broaden enough to bring it into our coverage, and whether its recently listed shares settle into a stable trading pattern.

Bullish (BLSH) trades on US exchanges.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for BLSH, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 2 analyst actions on the wire · latest: upgrade by Compass Point, 2026-09-14

The Street on this name

Analyst actions and the latest print for BLSH from the Closelook wires — third-party opinions on the record, not our readings.

  • Upgrade Compass Point — Neutral → Buy Upgraded to Buy from Neutral 2026-09-14
  • Price target Canaccord — target 45 from 50 Target cut to $45 from $50 (+80.3% to spot) 2026-08-18

2 actions on the analyst wire since 2026-08-13: 1 upgrade, 1 target change. Analyst wire → · Earnings wire →

Who it is priced against Software - Infrastructure · US · 8 names with week and year-to-date

Peer group

Software - Infrastructure · US

This name carries no Closelook score, so its cohort ranks on trend state — distance to the 50- and 200-day averages — never on a score it does not have.

Compared against BLSH on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 50/100 · S&P 500 fund at 49, above its 50- and 200-day averagesEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-18
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 97th percentile of the window, +4.9% over 20 sessions. Factor regime → 2026-09-18
  • Sovereign pressure Index 0.07 · down 0.41 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-18

FAQ · from the current data · as of 2026-09-19

Quick answers

What is Bullish (BLSH)?

Bullish trades as BLSH on the US exchange (US) in the Closelook research universe, as of the registry build of 2026-09-19.

Is BLSH in a Closelook index?

Not currently — Bullish is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-19.

Where does BLSH trade against its moving averages?

Recovery attempt under the 200-day: Trades +36.6% vs the 50-day and +13.3% vs the 200-day average, 48.9% below the 52-week high and +86.6% off the 52-week low. Computed from daily closes. As of 2026-09-18 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does Bullish do?

The company operates a digital asset exchange that matches spot and derivatives trades through a central order book paired with automated market-making, meant to keep liquidity steady and pricing predictable. It also runs CoinDesk Indices, benchmarks that track digital-asset prices for exchanges and asset managers, and CoinDesk Data, which streams live pricing and market analytics. It was founded in 2020 and is based in George Town, Cayman Islands. The diary has no peer group set for this listing; the exchange most often named alongside it is Coinbase, another listed crypto trading venue.

Where does Bullish sit in the AI build-out?

It carries no seat in Rubin, our AI build-out index; within our wider universe it sits in the digital-asset infrastructure sleeve, alongside exchanges and data providers that serve crypto markets rather than semiconductor or compute supply chains. It holds no index seat in the diary and no Closelook score has been built yet; the diary has not quoted it in any edition so far.

What has Wall Street done on Bullish recently?

The most recent analyst action on Bullish on the Closelook wire is a upgrade by Compass Point on 2026-09-14 (Neutral → Buy). 2 actions on the analyst wire since 2026-08-13: 1 upgrade, 1 target change. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for BLSH, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Related in the Closelook universe

then Software - Infrastructure. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.