Spot CVD chart at 1:00 p.m. UTC on July 20

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section shows cumulative volume delta, or CVD. - The upper Volume Heatmap tracks trading volume at each price range, and the background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance levels. - The lower cumulative volume delta indicator reflects buy and sell orders by order size, and the line in each color rises as buy orders increase in that category. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.