The employment data to be released later on Friday is expected to show that the pace of job growth in the world's largest economy slowed markedly in June. This week, bitcoin's decline has exceeded 13% and marks the largest weekly percentage drop since the FTX crash in November 2022. According to a FactSet survey of economists, NFP data is expected to show the addition of 190,000 jobs to the economy in June, a significant slowdown from 272,000 jobs in May, while the unemployment rate remained unchanged at 4%. Bitfinex said that weaker-than-expected US job growth could support BTC, and Jag Kooner, derivatives chief at the exchange, said that if Friday's job data shows weaker-than-expected job growth, expectations of so-called dovish support for risk assets may further deepen. If the non-farm payroll report shows weak job growth, it may increase expectations of future rate cuts, thereby boosting bitcoin prices as investors seek alternative assets in anticipation of loose monetary policy. If 'market participants believe that economic uncertainty will eventually drive the Fed to cut rates', the flow of funds into US-listed spot bitcoin ETFs favored by macro traders and institutions may accelerate.