BTC spot CVD chart at 3:00 p.m. UTC on Sept. 17

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 upper Volume Heatmap tracks trading volume at each price level, and the background color brightens when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels. - The lower cumulative volume delta indicator reflects buy and sell orders by order size, with each colored line rising as buy orders increase in the corresponding segment. 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, among others.