BTC spot CVD chart explained

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. It is divided into two sections: the Volume Heatmap at the top and the CVD at the bottom. - The top section, the Volume Heatmap, tracks the scale of trading volume at specific price levels. The background color brightens when the price lingers in a particular range or makes a significant move. These brighter areas can potentially act as support or resistance zones. - The bottom section, the Cumulative Volume Delta (CVD) indicator, represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For instance, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.