How to Read the Spot CVD Chart for BTC/USDT on July 31

The article explains how to interpret a Spot CVD chart for BTC/USDT, emphasizing order-flow analysis rather than a direct price catalyst. It says traders can use the volume heatmap to identify areas of concentrated activity that may act as near-term support or resistance, while the cumulative volume delta (CVD) line helps distinguish buying versus selling pressure across different order sizes. Rising CVD suggests stronger buying, while falling CVD signals selling pressure. The piece highlights that divergences between small and large orders can reveal whether retail or institutional participants are driving the market. Overall, it is a technical-analysis guide that frames BTCUSD as a market structure and sentiment tool, not a forecast or event-driven news item.