Passe — pas de trade

The gate fired on a 5-minute close below the developing POC ($63,366.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (19:00 UTC) closed UP at $63,312.8 with no close through or rejection at any tradeable level, so there is no confirming 15-minute trigger. Structure is also conflicted: price flushed to $62,744 and has been grinding back up on tiny volume beneath VWAP $63,451 and dPOC, with 4h CVD confirming down but 5m delta confirming up — no corroborated direction. Reaction quality at the dPOC is poor (sub-1 BTC 1m candles, OI falling -0.73%), which is itself sufficient to stand aside.