9 a.m. spot CVD chart for Aug. 11

Spot CVD refers to an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel represents cumulative volume delta, or CVD. - The volume heatmap tracks trading volume by price range. The background becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter areas may act as support or resistance. - The lower CVD indicator reflects buy and sell orders by capital size, with each colored line rising as buy orders increase in that segment. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million, among other categories.