BTC spot CVD chart as of 9:00 a.m. on Sept. 11

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 shows cumulative volume delta, or CVD. - The upper volume heatmap tracks trading volume by price range, and 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. - The lower cumulative volume delta indicator reflects buy and sell orders by fund size, and the line for each color rises as buy orders increase. The yellow line is based on $100 to $1,000 orders, while the brown line reflects large orders ranging from $1 million to $10 million.