Explainer: How to read the BTC spot CVD chart

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. It is composed of a volume heatmap on top and the CVD indicator at the bottom. - The volume heatmap tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas may act as support or resistance levels. - The CVD indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.