Spot CVD chart at 7:00 p.m. on 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 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 moves sharply. Brighter areas may act as support or resistance. - The cumulative volume delta indicator reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents $100 to $1,000 orders, while the brown line represents large orders of $1 million to $10 million.