Bitcoin holds above $85k as low open interest and weak jobs data fuel $100k outlook

As January nears its end, Bitcoin is trading above $85k while 30-day open interest sits at its lowest level since 2022, indicating a market that has shifted away from excessive leverage. At the same time, U.S. job openings have fallen by 885k over the past 12 months and markets see only a 13% chance of an imminent rate cut, keeping broader sentiment cautious. If this combination of subdued positioning and macro uncertainty persists, a gradual move toward the $100k level by the first week of February remains within reach.