Passe — pas de trade

The gate fired on a 5-minute close below the developing VAL ($63,849), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (02:30 UTC) closed at $63,916.2, still above dVAL, so no 15-minute close through or rejection at the level has printed. Price is also chopping in a $63,550–$64,120 range with the day open, VWAP, dPOC and dVAL all stacked within ~$150 of spot, which is the middle of value — a no-trade zone until a 15m close resolves it.