BTC spot CVD chart at 9:00 a.m. UTC on Sept. 15

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 tracks trading volume at each price level. The background 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 cumulative volume delta indicator shows buy and sell orders by order size. As buy orders increase, the line for the corresponding color moves higher. The yellow line reflects orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.