DLR

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

41.2%

20-day average

39.8%

Off-exchange share (20d)

38%

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

207.53

0.12B

203.89

0.65B

200.25

0.91B

196.61

0.89B

192.97

1.52B

189.33

1.01B

185.69

1.68B

182.04

2.51B

178.40

3.38B

174.76

5.00B

171.12

5.74B

167.48

4.64B

163.84

3.94B

160.20

3.88B

156.56

4.75B

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.