BTC is getting truly awful lately - mempool backlogs and fees, yo. Some bad BTC press could knock it about quite easily, and that would mean some correlated volatility in XMR, so another visit to the 017s is still quite possible (and so I am hoping, as I am still a bit low on XMR after the last two spikes drained my trading stock). Market making should be fairly good business here.
I could wish the USDT market was bigger, as I would rather avoid holding BTC during this period of relative BTC weakness and volatility. Alas, the turnover is just too low there to usefully trade the vol by hand. (Also, once my XMR levels are back, I need to book in BTC to fund my constantly losing NQ bear spreads, so USDT is just one more layer of conversion friction.)
Off-topic, yes, but a good read about persistent pathologies in macro:
http://www.alhambrapartners.com/2017/05/30/the-real-signs-that-matter/Never lose the big picture - even if it is as warped as a house of mirrors on an acid trip.