RMD

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

83.1%

20-day average

73.7%

Off-exchange share (20d)

39%

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

221.62

2.32B

217.73

2.57B

213.84

3.04B

209.95

4.25B

206.06

4.02B

202.18

3.11B

198.29

1.61B

194.40

1.54B

190.51

2.14B

186.62

2.52B

182.74

1.80B

178.85

1.44B

174.96

1.63B

171.07

1.17B

167.18

1.05B

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.