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The gate fired on a 5m wick-and-close-back under daily VWAP ($64,928.4), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (00:30 UTC) closed down at $64,755.3 through dVAL/dLow and price has since rallied back up to VWAP, so there is no 15m level-reaction or with-trend close to name at this location. Structure is also mixed: price is chopping between dPOC $64,808.5 and dVAH $64,967.0 in the middle of a tight balance area with flat 5m delta (-12.4 BTC), weakening OI and no meaningful reaction — a mid-range, no-trade zone. Missing element: the confirming 15-minute trigger close.

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