APD

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

50.4%

20-day average

37.1%

Off-exchange share (20d)

39%

Darkpool density

big day, short ratio above trendbelow trendbubble size = how unusual ($vol z-score)

Last ~6 months. Bubbles mark days of unusually large off-exchange dollar volume (≥1.5σ vs the trailing 60 days). Daily resolution — not print-level data.

Darkpool levels ±15% of spot, since 2018-10-01

317.23

2.02B

311.67

1.94B

306.10

3.54B

300.54

5.16B

294.97

4.10B

289.41

5.46B

283.84

9.75B

278.27

7.22B

272.71

8.05B

267.14

12.5B

261.58

12.3B

256.01

14.2B

250.45

11.1B

244.88

8.96B

239.32

8.07B

Historical off-exchange $ volume at price: each day's volume spread across that day's range, summed over the full FINRA history. Heavy shelves often act as support/resistance magnets. Amber row = spot's bin.

Off-exchange short-volume ratio

short ratio (20d, right) daily off-exchange share (left)

FINRA daily TRF data, last 2 years. A persistently HIGH short ratio is mostly passive market-maker liquidity provision (commonly read as accumulation pressure) — not naively bearish.