BTC spot CVD chart at 9:00 a.m. UTC on Nov. 10

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section shows cumulative volume delta, or CVD. - The upper Volume Heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for a longer period or moves sharply. Brighter zones may act as support or resistance. - The lower CVD indicator reflects buy and sell orders by fund size. As buy orders increase, the line in the corresponding color moves higher. The yellow line is based on orders worth $100 to $1,000, while the brown line is based on large orders worth $1 million to $10 million.