Forbes: FTX's bankruptcy process is expected to inject a large amount of capital into the market in Q4

September 29 news, according to Forbes, adding further positive prospects for the cryptocurrency market's fourth quarter trend is the ongoing FTX bankruptcy procedure expected to inject a large amount of funds into the market in the fourth quarter. The total distribution to creditors is estimated to be as high as $16 billion and will begin in early October. Although rumors about immediate payment on October 1st are still speculative, its latest press release confirms that final voting results will be announced before confirmation hearings on October 7th, 2024. Given that over 95% of voting creditors preliminarily support FTX's revised restructuring plan aimed at fully repaying bankruptcy claims, these payments will be made in dollars, most of which are expected to flow back into the market with Bitcoin likely receiving the largest share.