9 a.m. spot CVD chart on July 29

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 upper volume heatmap 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 brighter colors may act as support or resistance. - The lower cumulative volume delta indicator reflects buy and sell orders by order size, and the line in each corresponding color rises as buy orders increase. The yellow line represents $100 to $1,000 orders, while the brown line represents large orders ranging from $1 million to $10 million.