{"slug":"cvd","term":"CVD (Cumulative Volume Delta)","category":"Market Structure","definition":"CVD (cumulative volume delta) is a running total of aggressive buy volume minus aggressive sell volume — market orders lifting the ask versus hitting the bid. Rising CVD means buyers are attacking; falling means sellers are. Its real power is divergence: when price and CVD disagree, someone's orders are being absorbed.","street":"Price shows the scoreboard, CVD shows who's actually throwing punches.","depth":["Every trade has a passive and an aggressive side; CVD keeps a running sum where market buys add and market sells subtract. Read it against price: price up with CVD up is honest demand; price up with CVD down means shorts covering or a move running on thin aggression. Anchor the count to a session open or a level break — that tells you who's been in control since the moment that mattered.","The money-making read is divergence at extremes. Price grinds to a new high but CVD prints a lower high: aggressive buyers are drying up and passive sellers are absorbing what's left — that rally is running on fumes. The trap is using CVD from one venue alone: perp CVD and spot CVD often disagree, and it's usually the spot side that knows something. Confirm across venues before you fade anything."],"live":{"label":"Taker buy and sell flow, per coin","href":"/tools/long-short"},"related":["absorption","divergence","order-book"]}