Bitcoin Spot CVD Chart at 9:00 AM on Aug. 21: Key Levels to Watch

On August 21, at 9:00 a.m. UTC, the Bitcoin spot market showed notable order flow activity in the BTC/USDT trading pair, as reflected in the spot Cumulative Volume Delta (CVD) chart. This chart, which tracks order book activity, offers traders a real-time view of buying and selling pressure, with the upper panel displaying a volume heatmap and the lower panel showing cumulative volume delta.

Understanding the Volume Heatmap and CVD

The volume heatmap in the upper panel visualizes trading volume by price zone. Background colors become brighter when the price lingers in a specific range or makes a significant move, indicating areas where price may find support or resistance. For instance, a bright zone at a previous high could act as resistance, while a bright zone at a prior low might serve as support.

The CVD indicator, on the other hand, reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding size band moves higher. The yellow line represents orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million. These bands help traders gauge whether retail or institutional players are driving the market.