Institutional Buying Leads Market Momentum, $67,800 Price Level in Focus

The spot cumulative volume delta (CVD) chart for the BTC/USDT trading pair on Binance, as of July 30, reveals notable patterns in order flow and volume concentration.

The upper panel displays a volume heatmap that tracks trading volume at each price level over time. The brightness of these zones indicates where the price has stayed within a narrow range for an extended period or moved sharply through a level.

A key observation from the data is that there's a concentration of trading activity around the $67,500 to $68,200 range, with the brightest zones appearing near $67,800. This suggests that price level has seen significant turnover and may serve as a short-term pivot point.