European natural gas markets are experiencing their sharpest rally in two years as multiple headwinds collide. Supply constraints, geopolitical tensions, and seasonal demand spikes are converging into what traders are calling a perfect storm. The spike in energy costs ripples through global markets, affecting inflation expectations and central bank policy outlooks—factors that directly influence capital flows into crypto and traditional assets. As macro conditions tighten, understanding these energy-driven market signals becomes crucial for portfolio strategy.