Traders across various markets are bracing for significant volatility this weekend due to the release of the U.S. nonfarm payrolls report on Friday, October 5. Bond traders are looking to the labor-market data for insights into the health of the U.S. economy. Meanwhile, Bitcoin traders are anticipating substantial price swings on Saturday, October 5, driven by the payrolls data and heightened geopolitical tensions. Implied volatility for Bitcoin options expiring on Saturday has surged to 51.44%. Additionally, the S&P 500 Index is expected to move roughly 1% in either direction following the employment data, according to the options market. This report is also expected to provide clues on potential interest rate cuts by the Federal Reserve in November.