Trader bets 200,000 contracts against Fed rate cut

LARGEST FED FUND FUTURES TRADE IN HISTORY 🚨

A bond trader just made the largest fed fund futures bet in history. The trade was a total of 200,000 contracts for January which amounts to a total risk of $8 million per basis point move. pic.twitter.com/R0sV78VAGB

— Barchart (@Barchart) January 7, 2026

Someone just sold 200,000 contracts against a rate cut, clearly someone sees the Fed bluffing.