IBIT Dark Pool — Off-Exchange & Short Volume

Market/Dark Pool/IBIT

IBIT· iShares Bitcoin Trust

Dark pool · off-exchange short volume

Open interest GEX Full dossier

Short ratio (latest)

45.7%

20-day average

54.4%

Off-exchange share (20d)

31%

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

46.40

0.28B

45.52

1.70B

44.65

5.62B

43.77

4.07B

42.89

0.33B

41.14

0.77B

40.27

0.55B

39.39

0.31B

38.52

0.54B

37.64

2.03B

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.