Tuesday saw a colossal block trade hit the fed funds futures market—the largest on record. The timing is significant: this massive positioning move arrives just days before crucial US employment figures drop. Markets are bracing for impact. Why does this matter for crypto traders? Fed policy and interest-rate expectations drive macro sentiment. When traditional markets signal big moves through futures volume, it often precedes shifts in capital flows. Labor data will be the real story—a hotter-than-expected jobs report could reshape expectations around rate cuts, which ripples across crypto markets. Watch this space closely.