I don't know how much of that should directly concern Bluesky's T&S team, how much of that is fair to consider in moderation decisions. It does, however, lend substantial weight and importance to the decisions that they do make. Singal was, by his own statement, the single most blocked user on all of Bluesky, so the community there seems to share that assessment to at least some degree.
This was a real make-or-break moment for their moderation approach, and they doubled down on transphobia.