NATO's institutional framework and recent alliance-wide commitments underpin the 95.8% trader consensus against dissolution before 2027. The 2025 Hague Summit produced binding pledges to raise defense spending to 5% of GDP by 2035, with all members meeting the prior 2% target in 2025 and European outlays rising sharply. Ongoing adaptation to Russian threats, expanded eastern flank readiness, and scheduled 2026 planning in Ankara reinforce continuity. Withdrawal requires formal notice under the Washington Treaty, and no member has initiated exit procedures amid sustained transatlantic coordination. While abrupt shifts in U.S. commitments, a major escalation involving multiple allies, or unprecedented internal fractures could theoretically trigger review, such developments remain outside the near-term baseline reflected in current pricing.