Passe — pas de trade

The gate fired on a 5-minute close through pdH ($77,718.0), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (06:30) opened at $77,676.5 and closed $77,758.3, entirely straddling the level with no decisive close through it on real volume (2.7 BTC), and the 15m that would confirm is still FORMING. Reaction quality is also poor: Delta 5m is flat (+0.5 BTC/30m), volume into pdH is near-nil, and 4h open interest is declining (-1.79%) — no aggressive participation confirming the break. Price is also pinned between pdH/dVAH ($77,833) and the D-nPOC above at $77,924.5, so a long here buys directly into overhead supply with no confirmed close.