How to read the BTC spot CVD chart as of 2 p.m. on Sept. 25

The spot CVD chart 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 Volume Heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for a prolonged period or makes a large move. Brighter zones may act as support or resistance. - The cumulative volume delta indicator shows buy and sell orders by fund size. As buy orders increase, the line for the corresponding color moves higher. The yellow line is based on orders worth $100 to $1,000, while the brown line reflects large orders worth $1 million to $10 million.