According to the latest report by Presto Labs dated October 8, there are growing concerns that the optimism surrounding FTX’s court-approved bankruptcy plan might be misplaced. Analysts within the firm evaluated the recently outlined $16 billion settlement for creditors and questioned whether these funds would meaningfully reinvest in the cryptocurrency market. They anticipate the assets available for distribution could range between $14.7 billion and $16.5 billion, taking into account various holdings. Presto Labs cautioned against making assumptions about the immediate reinvestment of these funds: “To assume that creditors will inject this cash back into the market without proper analysis of their profile is premature,” they stated. Furthermore, while repayments are expected to commence within a 60-day window following the plan’s effective date, the timeline for significant market implications remains uncertain.

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