PH

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

54.0%

20-day average

38.7%

Off-exchange share (20d)

38%

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

1004.34

2.03B

986.72

2.47B

969.10

2.59B

951.48

2.13B

933.86

3.26B

916.24

3.66B

898.62

3.92B

881.00

4.75B

863.38

3.78B

845.76

2.89B

828.14

2.26B

810.52

0.72B

792.90

0.02B

775.28

0.88B

757.66

3.81B

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.