BR

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

39.3%

20-day average

33.7%

Off-exchange share (20d)

37%

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

166.25

0.76B

163.33

1.39B

160.41

1.66B

157.50

1.37B

154.58

1.10B

151.66

1.21B

148.75

1.49B

145.83

1.44B

142.91

0.97B

140.00

1.15B

137.08

1.62B

134.16

1.81B

131.25

1.02B

128.33

0.69B

125.41

0.53B

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.