PYPL

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

49.1%

20-day average

42.2%

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

46.52

1.77B

45.71

3.04B

44.89

4.22B

44.07

3.05B

43.26

1.67B

42.44

1.47B

41.63

2.35B

40.81

2.37B

39.99

1.74B

39.18

0.88B

38.36

0.18B

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.