IP

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

57.6%

20-day average

54.9%

Off-exchange share (20d)

34%

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

36.43

1.98B

35.80

2.19B

35.16

2.13B

34.52

1.55B

33.88

1.34B

33.24

1.91B

32.60

2.35B

31.96

2.50B

31.32

3.25B

30.68

3.04B

30.04

2.74B

29.40

1.92B

28.76

1.23B

28.12

1.07B

27.49

1.59B

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.