AXON

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

65.2%

20-day average

55.8%

Off-exchange share (20d)

42%

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

514.52

1.46B

505.50

1.34B

496.47

1.06B

487.44

0.82B

478.42

0.59B

469.39

0.72B

460.36

0.69B

451.33

0.95B

442.31

1.56B

433.28

1.94B

424.25

1.53B

415.23

1.06B

406.20

1.60B

397.17

2.48B

388.15

1.82B

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.