- Market Commentary: Over the past 24 hours, Bitcoin first pulled back before recovering, remaining more than 4.6% below Monday’s 12-week high of $79,488. Ethereum continued to underperform BTC, with the short-term structure still reflecting a weak rebound. The proportion of tokens posting gains across the broader market recovered to 42%, while the Fear & Greed Index stood at 41, remaining in the “Neutral” zone.
- Trending Tokens: Realis, Tectum, and SkyAI emerged as leading gainers in the latest market rebound. RLS surged nearly 120% in a single day following news of a global distribution partnership and a new token buyback-and-burn program, while TET attracted strong capital inflows driven by mainnet performance upgrades and cross-chain ecosystem expansion. At the same time, momentum in the AI and high-performance infrastructure sectors continued to strengthen, with SKYAI benefiting from expectations of expanded computing capacity and renewed sector-wide optimism.
- Alpha Insights: The United Arab Emirates announced its formal withdrawal from OPEC and OPEC+ effective May 1, marking a major historical split within the alliance. Meanwhile, BitMine added 107,992 staked Ethereum, while an exchange-linked whale increased its ETH long position to 63,000 ETH. In April, short sellers paid funding rates of around 11% to maintain bearish positions, with rates briefly surging to 19% — the highest level since early 2023.
Discover more details today → WTI Crude Oil Surges Over 4% Intraday, BitMine Adds 107,992 Staked Ethereum
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Gate Team
April 29, 2026
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