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Dark pool — off-exchange short volume

Short ratio (latest)
55.6%
20-day average
56.0%
Off-exchange share (20d)
36%

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

124.61
1.09B
122.43
1.21B
120.24
0.93B
118.05
0.66B
115.87
0.90B
113.68
1.17B
111.50
0.99B
109.31
1.45B
107.12
0.96B
104.94
1.98B
102.75
2.96B
100.57
3.08B
98.38
2.99B
96.19
2.09B
94.01
2.58B

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.