BTC spot CVD chart at 9:00 a.m. UTC on Aug. 28

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 shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level, and the background 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 cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size, with the corresponding colored line rising as buy orders increase. The yellow line is based on orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.