WAT

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

60.7%

20-day average

56.3%

Off-exchange share (20d)

37%

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

416.57

0.31B

409.26

0.90B

401.95

1.13B

394.64

1.73B

387.33

2.49B

380.03

3.18B

372.72

2.94B

365.41

1.88B

358.10

2.64B

350.79

4.33B

343.49

5.33B

336.18

4.62B

328.87

5.69B

321.56

5.10B

314.25

3.93B

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.