$Bullish(BLSH)$ $Robinhood(HOOD)$ $Coinbase Global, Inc.(COIN)$ π π ππ₯ππΉ Bullish $BLSH: Building the Next Institutional Crypto Exchange? πΉππ₯
Bullish just launched U.S. spot crypto trading across 20 states for hedge funds, fintechs, and pro traders. This isnβt just another exchange rollout; itβs a calculated bridge between TradFi and crypto. Theyβre bringing institutional-grade liquidity, 0% maker fees, ultra-low taker fees, free retail trading, and high-speed APIs to the table.
Thatβs a direct challenge to Coinbase, Binance, and Kraken, and the fact that CoinMetrics ranked Bullish a top-five global BTC spot trading venue gives this IPO credibility straight out of the gate.
π Technical Lens
The stock IPOβd with heavy volatility, tagging $118 before retracing toward $48. Now $BLSH is grinding out what looks like a bottoming base in the low-$60s zone.
β’ Daily chart: constructive double-bottom structure forming, with neckline resistance near $68.
β’ 4H chart: compression within Keltner/Bollinger bands, setting up a volatility expansion.
β’ 30m chart: intraday buyers defending the $62 shelf, flow stabilising.
Current levels around $62.9 put it right at the fulcrum between support ($61β62) and breakout watch ($67β70). A close above $70 could open the door to retesting $82, while failure below $60 risks revisiting the $52β55 liquidity pocket.
π‘ Big Picture
Bullish controls CoinDesk, sits in the βregulated exchangeβ narrative, and is positioning itself as a compliance-first alternative for institutions seeking crypto exposure. In a market where BTC and ETH are regaining momentum, a fresh U.S. venue with fee-free retail trading could be a stealth growth story.
πβIf Bullish secures even 5β10% of U.S. BTC and ETH institutional flow, could we see it re-rate closer to Coinbase multiples, or is the regulatory moat too wide to cross?
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Trade like a boss! Happy trading ahead, Cheers, BC πππππ
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- Kiwi TigressΒ·10-02TOPThat $BLSH setup feels like a sleeper play, the 0% maker fees are a straight magnet for liquidity and if they really catch a slice of BTC and ETH flow the multiple expansion could mirror what $HOOD saw when their crypto volume exploded.2Report
- Tui JudeΒ·10-02TOPWhat caught my attention was the point about Bullish controlling CoinDesk, thatβs a strategic edge similar to how $SQ leverages Cash App for Bitcoin flow, and if institutions actually move into this venue the $82 retest you flagged looks very realistic.6Report
- Cool Cat WinstonΒ·10-02TOPπI like how you tied the $BLSH setup to $COIN because that comparison highlights the valuation gap perfectly, and the way you mapped the $62 support against a $70 breakout makes the risk-reward framework really clear.5Report
- Hen SoloΒ·10-02TOPπThe compliance-first angle stood out for me since itβs exactly what $PYPL tried to do in the early days of crypto integration, and I agree the double-bottom base you highlighted around $62 could be the start of something bigger if volume confirms.3Report
- QueengirlypopsΒ·10-02TOPLow-key obsessed with how you broke down that $62 shelf, feels like a coiled spring ready to snap and with free retail trading in the mix this could easily trend with the same energy we saw around $MARA when BTC heated up π§3Report
- Enid BerthaΒ·10-02Crypto digital currency is booming and their about 92 ETF applications to SEC. Itβs the right sauce for blsh stock to be Bullidh. In my opinion.LikeReport
- Venus ReadeΒ·10-02Why am i looking at this as a long term investmentLikeReport
