The latest U.S. natural gas storage report just dropped, and it's printing a bigger drawdown than anticipated. We're looking at -120 on actual versus -71 in the previous week – way worse than the -98 estimate.

When storage declines outpace expectations like this, it typically signals tighter supply conditions heading into the colder months. That kind of pressure on energy infrastructure often ripples through macro sentiment and can weigh on risk appetite across markets, including crypto.

Keep an eye on how this feeds into broader inflation narratives and Fed policy discussions. Energy dynamics like these tend to matter more than most traders realize when they're sizing up their portfolio exposure.