BTC spot CVD chart at 8:00 p.m. UTC on Oct. 1

Spot CVD is an order-book analysis chart for 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 in the upper panel 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 in the lower panel reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line is based on orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.