WTW

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

61.5%

20-day average

64.0%

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

301.48

2.78B

296.20

2.16B

290.91

2.22B

285.62

2.64B

280.33

0.83B

275.04

0.51B

269.75

0.81B

264.46

1.23B

259.17

1.44B

253.88

1.46B

248.59

1.38B

243.30

1.29B

238.01

1.03B

232.72

1.56B

227.44

2.33B

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.