Swiftedge Depth — live Bitcoin order book heatmap

A descriptive seven-step analysis of Binance futures and the order book. Not a proven signal and not financial advice.

Opening range = the first minutes of the session. RVR = OR volume against the same session's average. IVB = OR ± k × the VWAP deviation before the open; k follows implied volatility. The percentages at the targets are historical (same session, 60 days) and descriptive.

Gamma exposure (options) from BTC options on Deribit, OKX and Bybit, one snapshot per minute. GEX = gamma × open interest × price² × 1 %, in USD. The sign is an ASSUMPTION: dealers long calls / short puts — actual dealer positioning is not known. 0DTE = expiry within 24 h (cyan +, magenta −), carry = later expiries (amber +, violet −). Flip = where total GEX changes sign; CW/PW = the strike with the largest call/put gamma. Descriptive, not a measured signal and not financial advice. "sign model: flow" = the Deribit dealer position from trade flow (taker = customer, maker = dealer; clipped to open interest); OKX/Bybit stay on the assumption. Faint columns before the dashed marker are reconstructed (today's OI, DVOL-scaled IV), not measured.

Aggressive volume in the running 5-minute window, reset every five minutes. Cyan lifted the ask, violet hit the bid.

The share of volume that lifted the ask, per timeframe. Binance marks which side crossed the spread — not who wanted it more.