Bitcoin eyes $60K dip in April amid KelpDAO hack fallout, $293M loss

Bitcoin faced downside risk in April after a LayerZero bridge exploit at KelpDAO drained $293 million, adding uncertainty to crypto markets. Prediction markets still price a high probability of BTC holding above key levels (about 99.9–100% odds for >$60k–$62k on mid‑April contracts), suggesting traders expect volatility but not a collapse. Liquidity on the prediction market is thin — $105,585 USDC traded in 24h and it takes roughly $2,000 to move prices by 5 percentage points — meaning modest flows can prompt sharp price swings. Broader bearish pressure from renewed US–Iran tensions compounds risks; major institutional allocations or further DeFi exploits are flagged as potential catalysts that could stabilize or worsen price action.