Passe — pas de trade

The only trigger is a 15m close $28 below daily VWAP ($79,632.4 open → $79,584.6 close) on 1.8 BTC — a dead, volumeless tape inside a $340 overnight range with delta flat (Σ -0.7 BTC/30m) and no reaction quality whatsoever; that is a poor reaction at the level, not a break. Price is also pinned between dVAL $79,576.0, D-Open $79,635.6 and VWAP — effectively POC chop / mid-value, a no-trade zone — and any short would target dLow $79,411.5 with a stop above dPOC/dVAH, well under the 2:1 floor. Corroboration is mixed too: OI healthy_uptrend, funding slightly negative, sentiment Greed against a bearish CVD divergence.