BTC spot CVD chart at 7:00 p.m. UTC on Nov. 13

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 represents 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 an extended period or makes a large move. Brighter zones may act as support or resistance levels. - The lower CVD indicator represents 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 ranging from $100 to $1,000, while the brown line reflects large orders ranging from $1 million to $10 million.