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The gate fired on a 1m close below pdVAH ($64,999.0) — but a 1m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (22:45 UTC, O $64,962.9 H $65,026.9 L $64,889.2 C $64,991.3) closed UP after wicking below, i.e. it is not a bearish close-through of pdVAH but a shallow chop straddling VWAP ($64,978.7), pdVAH and D-open. Price is pinned between dPOC/dVAL below and dVAH/pdH above with no confirming 15m close either way, and the 22:00–22:30 spike to $65,444.9 then full give-back is unresolved two-sided flow (funding neutral +0.008%, OI weakening, CVD mildly down) — no corroborated direction. No trigger, so no trade.

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