📢Good news! Singapore-based trading firm Presto Labs is advising clients to bet on BTC strength and short BCH to profit from the ongoing Mt.Gox repayments. 🎉

Last week, hundreds of millions of dollars worth of Bitcoin will flow into the market as the defunct exchange Mt.Gox began paying back creditors affected by the 2014 hack, with more than $73 million worth of BCH and about $9 billion worth of BTC to be distributed to traders in the coming months. 💰

Presto analyst Peter Chung said that analysis shows that BCH will face four times the selling pressure of BTC, or 24% of BCH's daily trading volume compared to 6% of BTC's daily trading volume. 📈

Unless there is funding rate risk, long BTC perpetual contracts combined with short BCH perpetual contracts are the most effective market-neutral way to express this view. 👍

Let's look forward to Bitcoin's strong performance together! 🚀 (Coindesk)