July 8, 2 p.m. spot CVD chart

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The top section, the Volume Heatmap, tracks trading volume at specific price levels. The background color brightens when the price consolidates in a range or makes a significant move. These brighter areas can potentially act as support or resistance levels. - The bottom section, the Cumulative Volume Delta (CVD) indicator, shows buy and sell orders categorized by size. An increase in buy orders causes the corresponding colored line to rise. For example, the yellow line represents orders between $100 and $1,000, while the brown line indicates large orders ranging from $1 million to $10 million.