BTC spot CVD chart at 10:00 a.m. UTC on Aug. 27

Spot CVD is 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 makes a large move. Brighter zones may act as support or resistance. - The CVD indicator in the lower panel reflects buy and sell orders by order size, and the line for each color rises as buy orders increase. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million, among others.