Bitcoin Spot CVD Signals Mixed Order Flow as BTC Holds Key Range

BitcoinWorld Bitcoin Spot CVD Signals Mixed Order Flow as BTC Holds Key Range On Aug.

28, the Bitcoin spot cumulative volume delta (CVD) chart for the BTC/USDT pair revealed a nuanced picture of order flow, with buying pressure from mid-sized orders contrasting with selling from larger market participants.

The chart, based on order-book data, tracks cumulative volume delta — the net difference between buy and sell market orders — alongside a volume heatmap that highlights price levels where trading activity has clustered.

Understanding the CVD and Volume Heatmap The volume heatmap, displayed in the upper panel, visualizes trading volume at each price level. Brighter areas indicate levels where the price spent extended time or experienced significant moves.