Canada’s proposed ban on crypto ATMs has hit Bitcoin prediction markets hard. The market for Bitcoin reaching $80,000 in April is now at 4.5% YES, down from 10% just 24 hours ago.

Market reaction

The odds for Bitcoin surpassing $70,000 by April 29 remain steady at 99.9% YES, and the May 1 market holds at 99.4% YES with two days left. Neither has moved. The real action is in the April $80,000 market, where odds have dropped sharply.

Why it matters

A week ago, the $80,000 April market peaked at 76% YES. It now sits at 4.5%. The order book is thin: it takes just $2,211 to move the odds 5 points, making the market vulnerable to swings from single large trades.

Combined trading volume across Bitcoin price targets…