BTC Spot CVD Chart: Reading Order Flow on Aug. 17

BitcoinWorld BTC Spot CVD Chart: Reading Order Flow on Aug. 17 On Aug. 17, traders monitoring Bitcoin’s spot market were presented with a detailed view of order flow through the cumulative volume delta (CVD) chart for the BTC/USDT trading pair.

This chart, which combines a volume heatmap with CVD lines, offers insights into how buy and sell pressure has evolved across different price levels.

Understanding the Volume Heatmap The upper panel of the chart displays a volume heatmap, which tracks the intensity of trading activity at each price level.

The background becomes brighter when the price lingers in a specific range for an extended period or when a large move occurs. These brighter areas often act as support or resistance zones, as they represent levels where significant volume has been exchanged.