Bitcoin Spot CVD Chart Shows Market Dynamics on September 16 at 3 PM

Spot CVD is a chart analyzing the order book of the BTC/USDT spot pair, with the top section showing a volume heatmap and the bottom representing cumulative volume delta (CVD).

The volume heatmap tracks trading volume at specific price levels; when prices linger or move significantly in a range, the background color brightens. Brighter sections often act as support or resistance zones.

The CVD indicator reflects buy and sell orders by order size, with rising lines indicating increased buying pressure. Yellow lines represent $100-$1,000 orders, while brown lines indicate large orders between $1 million and $10 million.