BTC spot CVD chart at 2 p.m. UTC on Oct. 8

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 upper volume heatmap tracks trading volume by price range. The background color 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 lower CVD indicator shows buy and sell orders by capital size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.