Spot CVD chart at 2:00 p.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 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 an extended period or makes a large move. Areas closer to bright colors may act as support or resistance. - The cumulative volume delta indicator in the lower section reflects buy and sell orders by capital size, and the line for each color rises as buy orders increase. The yellow line represents $100 to $1,000 orders, while the brown line represents large orders worth $1 million to $10 million.