🔥Hot off the press! Presto Labs, a Singapore-based trading firm, is advising clients to bet on Bitcoin's strength and against Bitcoin Cash in a market-neutral trade to profit from the ongoing Mt. Gox repayments.💰

Mt. Gox, the defunct exchange, finally started repaying creditors from a 2014 hack, with hundreds of millions worth of BTC hitting the market. Over $73 million worth of BCH is set to be distributed in the coming months, compared to a whopping $9 billion worth of BTC.📈

Presto's analysts predict a shift in supply/demand dynamics for BTC and BCH during the repayment period, potentially creating a pair trading opportunity. Their analysis suggests the selling pressure for BCH will be four times larger than for BTC.🔮

Interestingly, Presto assumes early Bitcoin investors, or "diamond-handed wealthy Bitcoiners," are likely to hold onto their repayments rather than sell outright. However, the "much weaker investor base" of BCH could see 100% sold in the near term.💎

What do you think? Will this strategy pay off? Let's chat in the comments!👇 #Bitcoin #BitcoinCash #CryptoTrading