FTV

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

47.6%

20-day average

55.5%

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

65.09

0.05B

63.88

0.67B

62.68

0.58B

61.47

1.50B

60.26

2.57B

59.06

3.09B

57.85

3.41B

56.65

3.57B

55.44

5.66B

54.24

6.09B

53.03

5.56B

51.83

5.47B

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.