Sure, but by my logic, it will look rock solid right up to the day that it vaporizes.

None of us know how close the exchanges are to not having enough USD to service tether redemptions, and they are going to take pains that we never know.

So there will be ZERO indication that things are getting close. It would be suicide to given even the tinest of clue, since that would immediately bring down more redemptions.

Thus there will be ZERO clue we are getting close. Smart well-connect money will be the only ones with a slice of access in those last seconds, then in a flash the dregs of liquidity will be gone.

so sure... I agree it looks really strong right now.