BTC spot CVD chart at 10:00 a.m. UTC on Sept. 29

The spot CVD chart is an order book analysis of 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, and the background becomes brighter 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. - The CVD indicator tracks buy and sell orders by capital size, with each colored line rising as buy orders increase for that segment. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million, among others.