According to TechFlame, in the CME (CME) federal funds futures market, a “mystery trader” is currently guarding against a super dovish incident in this week's Federal Reserve decision. According to researcher Ed Bolingbroke's findings, the capital flow at the front end of the curve on Monday saw the largest federal funds futures deal in history. The Chicago Mercantile Exchange confirmed the transaction on the X platform. It is reported that the price and timing of the bulk transaction are in line with the buyer's characteristics. Given that the current swap market has fully absorbed expectations of 25 basis points of interest rate cuts, this move may suggest that the mysterious trader is hedging the risk of the Fed's decision to drop 50 basis points straight.