Bullish Tumbles to 398th in Trading Activity as Volume Plummets 44.49%

Bullish’s trading volume dropped to $0.25 billion on September 24, 2025, marking a 44.49% decrease from the previous day. The stock closed at a 2.73% decline, ranking 398th in terms of trading activity among listed companies on the same day.

Recent market activity indicates heightened volatility in the AI-driven financial services sector. Analysts attribute the downward pressure on Bullish to broader sectoral shifts, as investors reassess exposure to high-growth fintech firms amid tightening regulatory scrutiny. A decline in institutional participation further exacerbated short-term underperformance, with sell-side activity concentrated in late afternoon trading sessions.

Back-testing parameters for Bullish’s trading strategy require precise operational definitions to ensure accuracy. Key considerations include: universe scope (daily top 500 stocks vs. fixed S&P 500 constituents), rebalancing frequency, execution timing (open-to-close vs. close-to-close), portfolio weighting schemes, cost assumptions for transaction fees and slippage, and risk management thresholds such as stop-loss or position limits. Clarifying these factors is critical for constructing a systematic evaluation framework from January 3, 2022, to the latest available data point.