BTC spot CVD chart at 3:00 p.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 by price range. The background 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 cumulative volume delta indicator reflects buy and sell orders by fund size. As buy orders increase, the line for 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.