BTC spot CVD chart at 9 a.m. UTC on Sept. 2

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. 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 levels. - The CVD indicator in the lower panel reflects buy and sell orders by order size. The corresponding colored line rises as buy orders increase. The yellow line is based on orders worth $100 to $1,000, while the brown line reflects large orders worth $1 million to $10 million, among other categories.