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Dark pool — off-exchange short volume

Short ratio (latest)
54.9%
20-day average
55.4%
Off-exchange share (20d)
36%

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

101.93
1.03B
100.14
1.10B
98.35
2.18B
96.56
3.56B
94.77
3.69B
92.99
5.00B
91.20
7.43B
89.41
11.8B
87.62
9.38B
85.83
7.69B
84.05
10.1B
82.26
5.79B
80.47
2.66B
78.68
5.39B
76.89
7.19B

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.