Passe — pas de trade

The gate fired on a 5-minute reclaim of daily VWAP ($78,063.7), but a 5m close is never a valid trigger on this book and no 15-minute candle has closed through or rejected any tradeable level — the last closed 15m (04:15) is a small down candle straddling VWAP inside a $78,036–$78,176 chop. Price is dead-centre in an extremely thin, sideways overnight range (dPOC $77,961.5, dVAH $78,106, VWAP $78,063.7 all within ~$150), which is the no-trade middle of the profile, and flow is non-committal: flat 5m delta (+10.7 BTC), flat OI, near-zero funding, tiny volume. No trend to join, no level reaction, no confirming 15m close — pass.