Thoughts on USDC's Tight Range

Been watching $USDC pretty closely over the last few days, and that $0.9995 to $0.9999 range has been incredibly sticky. It's almost acting like a very compressed spring. On one hand, it's exactly what you'd expect from a stablecoin, but the consistent pressure around $0.9999 has my attention. I'm wondering if a break above that could see it briefly test parity with more conviction, perhaps on a broader market demand for stablecoin liquidity.

The flip side, of course, is that consistent failure to push through $0.9999 or any meaningful move below $0.9995 could signal a slight, momentary loss of confidence or just general market lethargy. The risk for any bullish scenario for USDC to actually trade above $1, even briefly, would be a strong move down through that $0.9995 floor, which would technically invalidate the idea of any immediate upside pressure building. For now, it just feels like accumulation within a very tight band.