KDP

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

33.6%

20-day average

60.6%

Off-exchange share (20d)

33%

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

36.41

0.19B

35.77

1.30B

35.13

2.43B

34.49

4.48B

33.85

5.72B

33.21

7.37B

32.57

11.0B

31.93

12.2B

31.30

11.3B

30.66

7.86B

30.02

7.51B

29.38

7.15B

28.74

8.34B

28.10

6.38B

27.46

6.76B

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.