Aug. 12 9 a.m. spot CVD chart

The spot CVD chart 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, with the background becoming brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance. - The lower cumulative volume delta indicator reflects buy and sell orders by fund 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.