Passe — pas de trade

The gate fired on a 5-minute close below pdVAH/VWAP ($63,271 / $63,270), but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (09:15 UTC, C $63,284.5) is still ABOVE pdVAH, so no 15-minute trigger has printed either through or rejecting the level. Corroboration is also mixed: CCV bias is long_bias with acceptance activated and price is holding above D/W-open and the developing dPOC ($63,255) after a strong overnight rally off $62,650, while 5m delta is flat (Σ -0.5 BTC) and OI is dead flat — a poor, low-volume reaction that argues against fading here. No trigger, weak reaction quality: pass.