Spot CVD chart for July 9, 12:00 a.m. UTC

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