Bypassing Plug-Ins
Plug-Ins can be bypassed from their Plug-In window, or from the Mix and Edit window Inserts View.
To bypass a plug-in, do one of the following:

Click the Plug-In window’s Effect Bypass button.

Command-click (Mac) or Control-click (Windows) the plug-in’s Insert button in the Mix or Edit window.
When a plug-in is bypassed, its Insert button turns blue. If only some of the channels of a multi-mono plug-in are bypassed, its Insert button turns purple.