Dubai crude oil physical premia has gone NEGATIVE for the first time since early 2026. Back in mid-March, it reached an stratospheric level of plus $65 a barrel. Today, it's minus 33 cents a barrel.
I see that most of the major altcoins are currently trading above their lows from February 6, but the price of $ETH is 4% below its low from February 6, and confidence has evaporated.