Bullish (BLSH) — Initiating Long: Thesis & Notes. No targets.BullishBATS:BLSHBiduMadeMeRichSummary: Bullish is a crypto-exchange conglomerate. I’m not detailing the business here—public materials cover that—but I am outlining why I initiated a position. Why I Like It Price action & structure: Constructive trading behavior with an emerging setup on the chart. Brand/Name: Names matter in networked markets; “Bullish” travels well. Float & ownership: Tight float with relatively low institutional ownership (per broadly available public data such as Yahoo Finance) creates asymmetry if participation broadens. Business model: Exchange economics scale with volumes/volatility; I understand this model well from prior industry experience. Positioning/Style I’ve tracked this name since the IPO and opened a starter position today. I’m not an active trader—I look for longer-duration opportunities in new lines of business that sit within established peer groups. My edge is buying weakness/early, not chasing strength. In August, I initiated BMNR on the back of my long-standing ETH-bull thesis; I’m now adding BLSH to the portfolio. Relevant Background 1999–2010: work experience in options routing and broker-dealer infrastructure. I’m familiar with exchange models, flow dynamics, and how ownership/float can impact tape behavior. Risk Note This is and will remain a volatile name. Do your own due diligence and size appropriately. Disclosure: Long BLSH (starter). Long BMNR. Long ETH exposure. Not investment advice.