Since October of last year, the global crypto market has lost nearly $2 trillion in value. Much of that was driven by everybody’s favorite blockchain currency, Bitcoin, which fell from a high of over $126,000 in early October to below $63,000 in February.

Bitcoin has since clawed back some of those losses, and has been hovering around the $70,000 mark over the last month, give or take a few thousand. While the crypto free-fall seems to have paused, the extreme price swings remain. Yet in our deranged modern world of microbets and prediction markets, even volatility itself can become a…