BTC spot CVD chart at 3 p.m. UTC on Sept. 10

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 shows cumulative volume delta, or CVD. - The volume heatmap in the upper panel 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 zones may act as support or resistance levels. - The CVD indicator in the lower panel reflects buy and sell orders by order size, and the line for each color rises as buy orders increase in that segment. The yellow line represents $100 to $1,000 orders, while the brown line is based on large orders ranging from $1 million to $10 million.