Bitcoin’s will-it-won’t-it rally fails again as global stocks remain mixed

Bitcoin’s attempted rally stalled around $77,900, up 0.67% intraday, as derivatives metrics cooled and traders remained cautious. Open interest slipped to $122.62B (-0.81%) and liquidations fell to $163.29M (-46.89%), while average RSI (~53) and altcoin season readings stayed neutral. Exchange USDC balances on Binance climbed to $7.51B by April 21, signaling idle stablecoin capital available to re-enter crypto markets. Major altcoins edged higher (ETH, SOL, XRP), but broader risk assets were mixed: S&P 500 and Nasdaq hit intraday highs before fading, gold fell ~3% for the week to about $4,683/oz, the dollar and 10-year Treasury yields rose, and Brent crude jumped ~18% for the week. Overall, the piece frames a cautious market: Bitcoin has rebounded from its 2026 low but remains well below its October 2025 peak, with positioning and macro forces tempering conviction for a sustained breakout.