Explainer: The BTC/USDT spot CVD chart

The spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section shows a Volume Heatmap, while the lower section displays the CVD. - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences significant movement. These brighter areas may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.