Aug. 4 12:00 a.m. UTC spot CVD chart

Spot CVD refers to 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. The background becomes brighter when the price remains in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.