BTC spot CVD chart at 2 p.m. UTC on Sept. 30

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 makes a large move. Brighter areas may act as support or resistance. - The cumulative volume delta indicator reflects buy and sell orders by order size. As buy orders increase, the corresponding colored line rises. 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.