the rope-dancer is that quantity of energy which has been in the god before. This is the diminutive form of the god in him, and he is a dancer because God dances the world.
Jung’s primary theoretical statement: the rope dancer embodies the libidinal energy formerly housed in the God-image, now displaced into a fragile human vessel after Nietzsche’s proclamation that God is dead.
, Nietzsche’s Zarathustra: Notes of the Seminar Given in 1934-1939, 1988thesis