9 a.m. spot CVD chart for July 27

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 volume heatmap in the upper section tracks trading volume at each price level, and the background color becomes brighter when the price stays in a specific range for a long time or moves sharply. Areas closer to brighter colors may act as support or resistance. - The cumulative volume delta indicator in the lower section shows buy and sell orders by fund size, and the line in each color rises as buy orders increase. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.