It’s clear at this point that Putin is just playing with Trump — leading him around by the nose, saying “heel” when the whim strikes.
It’s also clear that Putin is perfectly willing to let Trump burn. Either Trump is blind to this possibility (hard to believe at this point, but after all, Trump is a narcissist), or Trump is terrified past the point of being able to think. In any case, whatever Putin has on Trump, it must be far more serious than peegate.
Of course, one thing that Putin does have on Trump is that Trump is a traitor. But by now this is public knowledge, so there must be something else — something that would send Trump and his family to jail for the rest of their lives.