TER

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

57.9%

20-day average

47.6%

Off-exchange share (20d)

31%

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

394.44

0.80B

387.52

1.10B

380.60

1.79B

373.68

1.99B

366.76

2.80B

359.84

2.25B

352.92

1.83B

346.00

1.78B

339.08

1.70B

332.16

1.28B

325.24

1.61B

318.32

2.50B

311.40

3.15B

304.48

2.69B

297.56

2.06B

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.