BTC spot CVD chart at 2 p.m. UTC on Sept. 24

The spot CVD chart is an order-book analysis of the BTC/USDT spot trading pair. The upper panel shows a 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 within a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance. - The CVD indicator shows buy and sell orders by order size. As buy orders increase, the line for the corresponding size band 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.