Aug. 8 10:00 a.m. spot CVD chart

Spot CVD refers to an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel represents 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 zones may act as support or resistance levels. - The CVD indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line represents orders worth $100 to $1,000, while the brown line represents large orders worth $1 million to $10 million, among other categories.