Passed — no trade

The gate fired on a 5-minute wick-and-close-below the developing POC ($64,338.5), but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (11:30 UTC, O $64,403.5 / C $64,323.2) is just drifting sideways on 8.8 BTC with no rejection shape at a named level, so there is no confirming 15m trigger. Price is sitting essentially ON the dPOC/VWAP mid-range (fair value, the classic no-trade zone) with Delta 5m flat (-0.1 BTC over 30m) and near-zero volume — a poor reaction, no order-flow response. Missing element: the trigger (and location quality); waiting for a 15m close either rejecting dVAH $64,641 / dHigh $64,642 or losing dVAL $64,020 with volume.