BTC spot CVD chart at 9:00 a.m. UTC on Sept. 1

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section 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 areas may act as support or resistance. - The CVD indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line is based on orders worth $100 to $1,000, while the brown line tracks large orders worth $1 million to $10 million, among others.