Natural gas just had its wildest ride in years—up 29%, marking the biggest spike since 2022. The culprit? An Arctic blast hammering the US, which means heating demand is about to go through the roof and we're looking at potential freeze-offs across major production zones. Here's the kicker: those freeze-offs could obliterate surplus inventories that have been clogging the market. When you've got extreme weather compressing supply while winter demand skyrockets, that's the kind of supply-demand mismatch that moves markets hard. For those tracking macro trends, this is another reminder that commodity volatility stays unpredictable—and those ripple effects? They tend to flow into broader financial markets, including crypto positioning.