Passe — pas de trade

The 12:30 UTC 30-minute candle did reject the developing mVAH at $63,012, so the level and close trigger are present, but the required independent corroboration is missing under the stricter two-loss filter. A short conflicts with the long CCV bias/activated acceptance, bullish CVD divergence, negative funding and fear positioning, while the higher-timeframe tape is not a clean enough downtrend to override those signals.