BTC spot CVD chart at 9:00 a.m. on Aug. 29

The spot CVD chart 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 upper volume heatmap tracks trading volume at each price range. The background 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 lower cumulative volume delta indicator reflects buy and sell orders by capital 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 is based on large orders between $1 million and $10 million.