CMG

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

28.5%

20-day average

27.4%

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

34.74

1.74B

34.13

2.90B

33.52

2.75B

32.91

3.40B

32.30

3.34B

31.69

3.34B

31.08

2.18B

30.47

1.78B

29.86

1.05B

29.25

0.81B

28.64

0.39B

28.03

0.19B

27.42

0.08B

26.81

0.11B

26.20

0.09B

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.