Spot CVD chart as of 12:00 a.m. UTC on July 28

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