CNC

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

37.4%

20-day average

41.7%

Off-exchange share (20d)

35%

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

74.56

4.88B

73.25

5.98B

71.94

5.00B

70.63

4.14B

69.32

4.66B

68.02

5.11B

66.71

6.22B

65.40

7.04B

64.09

8.55B

62.78

8.92B

61.48

6.80B

60.17

7.66B

58.86

7.69B

57.55

4.39B

56.24

3.86B

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.