The audience Bluesky is currently cultivating is the kind of audience that mashes the report button every time they see something they disagree with, so this isn't surprising.

If the user base actually keeps growing at a steady rate, I don't see how they'll get the resources to deal with so many reports (especially since they don't seem to have a plan to monetize the site yet) without resorting to the usual low-effort solutions, such as using some sort of algorithm that bans automatically based on keywords or number of reports.