9 a.m. spot CVD chart for July 22

Spot CVD is an order-book analysis chart for the BTC/USDT spot 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 level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter areas may act as support or resistance. - The lower cumulative volume delta, or CVD, indicates buy and sell orders by fund size. As buy orders increase, the line in the corresponding color rises. The yellow line represents $100 to $1,000 orders, while the brown line represents large orders worth $1 million to $10 million.