Oh that's a great point! We have achieved diff^5 at last!
Now that I think of it, we could even stretch it one more level. In practice UTC is "realized" as a "best of" diff to atomic clocks in labs around the world, which are themselves diff against a fixed time point, as you pointed out. So that realization technically changes when the official UTC bulletin[1] is published by BIPM. So diff^6!