Spot CVD Chart Unveils Buy/Sell Pressure in BTC/USDT Market

The Spot CVD chart is a valuable tool for traders to analyze order book dynamics in the BTC/USDT market. On July 31 at 9:00 a.m. UTC, this chart will be available, providing insights into buy and sell pressure at different price levels.

The upper panel of the chart features a volume heatmap that tracks trading activity at each price level. The heatmap's brightness increases when the price consolidates in a range or makes a significant move, highlighting zones that may act as support or resistance in the near term.

The lower panel shows the cumulative volume delta (CVD), an indicator that measures the net difference between aggressive buying and selling. Two color-coded lines represent orders of different sizes: yellow for orders between $100 and $1,000 and brown for large orders ranging from $1 million to $10 million.

A combination of the volume heatmap and CVD provides a comprehensive picture. The heatmap reveals where trading activity has been concentrated, while the CVD shows the direction and magnitude of order flow.