๐Ÿ“ข๐Ÿš€Hey, DeFi & Web 3 fans! Mt. Gox's bankruptcy redemptions are about to shake things up, but not for Bitcoin!๐Ÿ’Ž๐Ÿ’ช

๐Ÿ”ฎPresto Labs' Peter Chung predicts that the $73 million BCH payback to Mt. Gox's former customers (that's 24% of BCH's daily trading volume, folks!) could put a bearish spin on Bitcoin Cash, not Bitcoin.๐Ÿป๐Ÿ’ฐ

๐Ÿ’กChung's logic? The selling pressure for BCH will be 4x larger than for BTC. Plus, he believes that the current group of creditors are diamond-handed BTC bulls who've stuck around.๐Ÿ‚๐Ÿ’Ž

๐ŸŽAnd here's the kicker: Chung thinks traders will treat the BCH payback "as an airdrop" and sell it immediately.๐Ÿช‚๐Ÿ’ธ

๐Ÿค”So, what's your move? Long BTC perpetuals paired with short BCH perpetuals? Or maybe shorting term futures or borrowing BCH in the spot market?๐Ÿ“ˆ๐Ÿ“‰

๐Ÿ’ฌLet's chat in the comments!๐Ÿ‘‡ And remember, in the world of DeFi, it's always a bull market somewhere!๐ŸŒ๐Ÿš€ #DeFi #Web3 #MtGox #BCH #BTC