Passe — pas de trade

The 20:30 UTC 15m candle closed back below pdVAH $64,880, but the short lacks clean corroboration: CCV is activated long, the 24h OI backdrop is a healthy uptrend, and the immediate 5m delta is flat with very low reaction volume. Bearish 4h CVD and short-covering OI are insufficient against that conflict, so the level reaction fails the quality bar.