BTC spot CVD chart at 3 p.m. UTC on Aug. 31

The spot CVD chart is an order-book analysis of the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel represents cumulative volume delta, or CVD. - The upper 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 moves sharply. Brighter areas may act as support or resistance levels. - The lower cumulative volume delta indicator reflects buy and sell orders by order size. The corresponding colored line 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.