BTC spot CVD chart as of 11:00 a.m. UTC on Oct. 10

Spot CVD 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 in the upper panel tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance. - The cumulative volume delta indicator in the lower panel reflects buy and sell orders by capital size. As buy orders increase, the line for the corresponding color rises. 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.