Bitcoin experienced a sharp drop of $1,300 following the release of the U.S. employment report, which showed higher-than-expected non-farm payrolls and a slight increase in the unemployment rate. Despite this, institutional investors are driving significant Bitcoin accumulation, with new whale wallets adding around $1 billion in BTC daily. The demand for Bitcoin from large investors is growing, and holdings in Bitcoin spot ETFs in the USA have increased. However, the growth of stablecoin liquidity, particularly Tether's USDT, has slowed, which could hinder a sustained price rally.