BTC spot CVD chart at 12:00 a.m. UTC on July 17

The spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The upper section displays a Volume Heatmap, and the lower section shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background brightens in areas where the price lingers or moves significantly, with these brighter zones potentially acting as support or resistance. - The Cumulative Volume Delta (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.