Spot CVD chart at 3:00 p.m. UTC on July 24

The spot CVD chart for the BTC/USDT spot trading pair shows order book analysis, with a volume heatmap on the top panel and cumulative volume delta, or CVD, on the bottom panel. - The top volume heatmap tracks trading volume by price range. The background color becomes brighter when the price stays in a specific range for a longer period or moves sharply. Areas closer to brighter colors may act as support or resistance. - The bottom cumulative volume delta indicator reflects buy and sell orders by fund size. As buy orders increase, the line in the corresponding color rises. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.