On-chain data indicates exactly one year ago today, the cryptocurrency market experienced an epic crash, recording approximately $19.2 billion in market-wide single-day liquidations, wiping out over 1.65 million investors, and setting the most brutal single-day liquidation record in history, comparable to the 2020 “312” black swan event. It is worth remembering not because of hype, but because understanding what happened helps UK traders prepare for future volatility.

The Scale of the Crash

Bitcoin had peaked at around $125,000 prior to the crash, falling to a daily low of $102,000 with a single-day drop exceeding 13%; Ethereum declined by 22% in a single day, while SOL dropped by as much as 37%.

Where Has the Market Been Since?

Exactly one year later today, BTC is trading at approximately $82,679, representing a cumulative drawdown of roughly 34% from its peak at that time.

The broader picture:

What This Means for UK Traders Today

The October 11 crash reflected a complex mix of factors: overbought conditions after a strong rally, macro headwinds, and the mechanics of leveraged trading that amplified losses as liquidations cascaded through exchanges. But the core lesson is simple: cryptocurrency markets remain volatile, and sharp drops are a structural reality of the market.

Key takeaways for UK retail traders:

1. Volatility is real. A 13% single-day drop in Bitcoin and 22-37% moves in major altcoins show why only invest what you can afford to lose entirely.
2. Liquidations hurt. Over 1.65 million investors were wiped out in a single day, most of them using margin and derivatives. If you use leverage, understand your liquidation price in advance and size positions accordingly.
3. Exchange choice matters. Thin liquidity on smaller platforms means your actual exit price could be far worse than the live price you see in news. Trade on well-capitalized, regulated exchanges.
4. Recovery is slow. One year on, the market is still 34% below the October 2025 peak. If you believe in long-term crypto value, plan accordingly.

Caution remains warranted. UK traders should focus on building a portfolio strategy around volatility rather than trying to time the market.

What to Watch Now

Rather than trying to predict the next crash, UK traders should focus on:

• Your own portfolio size and leverage.
• Whether your exchange is FCA-regulated (important for UK consumer protection).
• Your exit strategy, not your entry.
• Whether your holding period matches your investment horizon.

The October 11 crash is a reminder that cryptocurrency markets remain young and volatile. Understanding that risk—and building a portfolio strategy around it—matters more than trying to time the market.

Justin Sun, founder of the Tron network, said that the company’s post-quantum cryptography was now live on testnet.
“We’re closely tracking progress in quantum computing and AI, and we’re ready to bring quantum resistance to mainnet at any time, Sun said in a post on X on Saturday.

He added, “We’re committed to keeping user assets secure, and TRON is set to be one of the few major blockchains that is quantum-resistant before Q-Day,” or the day when quantum computing becomes capable of breaking current security standards.

Coindesk reported on July 28 that Blockchain security company AmericanFortress had unveiled a cryptographic plan to protect crypto wallets from future quantum attacks without requiring users to move funds, rotate keys or change wallet addresses.

Unlike most proposed post-quantum approaches, AmericanFortress said it allows existing wallet addresses to remain unchanged while adding post-quantum protection.

Proposal published in technical paper

The company published the proposal in a technical paper on the Cryptography ePrint Archive, though it had not yet been peer-reviewed.

Developers have increasingly focused on post-quantum cryptography because sufficiently powerful quantum computers may eventually break the elliptic-curve cryptography used to secure Bitcoin, Ethereum and many other blockchain networks

Earlier this year, a Strategy-led consortium pledged $15 million to fund Bitcoin quantum security research, the Ethereum Foundation published a proposal for migrating accounts to quantum-resistant cryptography and Algorand outlined plans to introduce quantum-resistant accounts by 2027.

Magazine: SHRINCS BIP published: Quantum-secure Bitcoin comes with a catch

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

J.P. Morgan Asset Management is making a bullish call on an underinvested market group: high-quality fixed income.

Priya Misra, a portfolio manager at the firm, sees a once in a generation opportunity for investors.

“You can actually take credit risk in the highest quality companies and still get [a] 6.5% [yield], Misra told CNBC’s “ETF Edge” this week. “So, you actually don’t have to go down in credit [quality].”

She suggested the strategy is particularly well suited for investors concerned about having too much exposure to artificial intelligence stocks.

“There’s a huge AI exposure,” Misra said. “What fixed income gives you is this diversified set of returns. It’s not just an AI trade or a tech trade. You have the Treasury trade. You have credit outside of AI.”

Misra co-manages the JPMorgan Core Plus Bond Fund ETF (JCPB). The fund has almost $16 billion in assets under management, with just over three-quarters of its holdings in BBB-rated debt and above, according to the firm’s website as of Aug. 31.

“We’ve actually been increasing some of the double-B [and] single-B exposure because there has been a widening in high yield spread,” she said. “We like some investment grade. And now, we’ve started in the last few days to increase some duration as well, thinking we may be nearing the end of that rate move.”

The JPMorgan Core Plus Bond Fund ETF is down more than 5% so far this year as of Friday’s close, according to FactSet.

“You want to be looking bond by bond and sort of sector by sector to see where the macro and you have to do the bottom up as well to make sure that companies are not over levered,” noted Misra, who’s concerned about how higher rates could hurt the housing market.

BondBloxx co-founder Joanna Gallegos is also advising investors to take advantage of “historically attractive” yields across debt markets.

“You want to really consider getting some corporate debt into your portfolio,” Gallegos said in the same interview. “It’s really in the investor’s best interest to start looking at the income that’s back in fixed income. It can offset the volatility in your portfolio.”

Part of her bull case: Base rates are high, and they’re stable.

“The fundamentals of these corporations are so strong, and the economy continues to grow,” added Gallegos. “We really think that’s being lost in the narrative around Treasury rates.”

Her firm BondBloxx is known for fixed-income exchange-traded funds in sectors including Treasury, corporate, private credit and emerging markets.

One of its funds includes the BondBloxx Private Credit CLO ETF (PCMM). As of Friday’s close, it’s down 0.6% so far this year, according to FactSet.

The United States Disciplinary Barracks, where Nidal Malik Hasan is being held on death row, is seen in Fort Leavenworth. Hasan, the U.S. Army Major who was convicted of killing 13 people and wounding 32 others during a mass shooting at Fort Hood in 2009, has been approved by President Donald Trump for execution by military firing squad.

Daily active addresses averaged about 322,000 in the latest week, down 31% from mid-September, suggesting fewer people, and fewer of the trading bots they run, are using the chain each day.

The drop is likely smaller in human terms than the raw number implies, since one trader can run many addresses and a single automated program can account for thousands of transactions.

Less trading, steady balances

Spot exchanges, where users buy and sell tokens directly, handled $7.45 billion during Oct. 2–8, down 21% from $9.46 billion the week before, according to CoinDesk calculations using DefiLlama. Uniswap, an app that lets people swap tokens with each other without a company in the middle, handled roughly 77% of that.

Users aren’t pulling their money out, though. Deposits in the chain’s lending and trading apps rose about 2% over the week to $1.04 billion, and the supply of stablecoins, tokens pegged to the dollar, ticked up to roughly $1.10 billion.

That suggests the pile of money is simply being traded less, with traders keeping their funds on Robinhood Chain and waiting.

Futures are the exception, however. DefiLlama’s rolling seven-day figures on Friday showed about $7.35 billion in perpetual futures volume, contracts that let traders bet on prices without owning the tokens, up 26%.

Key takeaways

• Dogecoin traded near $0.085 on Friday after losing more than 11% this week.
• Two large-wallet cohorts reduced their combined holdings by 100 million DOGE since Tuesday.
• A close below $0.084 could expose $0.078 and $0.070, with resistance beginning at $0.086.

Dogecoin traded around $0.085 on Friday, approaching a key trendline area after a weekly decline of more than 11%.

Falling balances among some large holders and weakening technical momentum suggest continued downside pressure. 

However, derivatives positioning offers a more mixed picture, with long positions outnumbering shorts in CoinGlass’ tracked ratio.

Large Dogecoin holders reduce exposure

Santiment’s supply distribution data shows that wallets holding between 1 million and 10 million DOGE and those holding between 10 million and 100 million DOGE have collectively reduced their balances by 100 million tokens since Tuesday.

The decline suggests some large holders are reducing exposure, potentially through profit-taking. Wallet balance changes alone do not confirm that every token was sold, but the movement adds to concerns about near-term supply pressure.

CryptoQuant’s summary indicators also point to caution. Its data identifies overheating conditions in both spot and futures markets, alongside large orders and sell-side dominance in futures.

These signals suggest that selling pressure remains significant as DOGE approaches nearby support.

Despite the price decline, CoinGlass’ DOGE long-to-short ratio stood at 0.90 on Friday, approaching its highest level in more than a month.

A reading above one indicates that longs outnumber shorts within the positions or accounts tracked by the metric.

Funding rates also remained positive at 0.0010%, meaning long traders were paying short traders to maintain their positions.

Together, the readings suggest some traders are positioning for a recovery. They do not establish that buying demand is strong enough to reverse the decline, particularly while price momentum remains weak.

DOGE tests $0.084 as momentum deteriorates

Dogecoin is trading just above the trendline area near $0.084, which serves as the immediate technical support reference.

A daily close below that level could open the way toward $0.078. A deeper correction would bring the next structural floor at $0.070 into focus.

The Relative Strength Index sits near 40, below its neutral midpoint and consistent with weaker buying momentum.

The Moving Average Convergence Divergence line remains below both zero and its signal line. Its negative, slightly expanding histogram also suggests sellers retain the near-term advantage.

DOGE remains beneath several important exponential moving averages, creating successive barriers to a rebound.

The first resistance is the 100-day EMA near $0.086. Above it, the 50-day EMA and a horizontal resistance level converge around $0.088.

Clearing those levels would help ease immediate bearish pressure. A stronger recovery would require a move above the 200-day EMA at $0.093, followed by a challenge of major resistance near $0.102.

For now, the balance between support at $0.084 and the moving averages overhead will help determine whether DOGE stabilizes or extends its weekly losses.

Three armed men have forced a Chinese expatriate with Turkish citizenship to transfer approximately $820,000 in cryptocurrency during a robbery at his luxury home near Pattaya, Thailand, prompting a police investigation into the suspects and the movement of the stolen assets.

According to initial reports, the robbery took place at around 3:30 a.m. on Tuesday, October 6, inside a gated residential community in Nongprue, where the attackers entered the property using a ladder before confronting the victim in his bedroom.

The masked men reportedly threatened the resident with firearms and ordered him to open a safe containing cash and valuables. They took an undisclosed amount of money and three luxury watches before demanding access to his cryptocurrency holdings.

Under threat, the victim transferred digital assets valued at roughly $820,000 to accounts controlled by the attackers. Reports indicate that the cryptocurrency was subsequently sold, although authorities have not disclosed which assets were involved or how the transactions were carried out.

The resident eventually escaped and contacted police. His identity has not been publicly released.

Thailand police trace stolen crypto and suspects’ getaway vehicle

Police Region 2 has taken charge of the investigation, with officers examining both the physical evidence left behind and the transactions involving the stolen cryptocurrency.

Police Lieutenant General Wasan Techa-akrakesom, commissioner of Police Region 2, said investigators had made significant progress in the case. The Immigration Bureau has been brought into the investigation as authorities work to establish the identities and movements of the suspects.

Initial information suggested that the three attackers might be Chinese nationals, but police have not confirmed their citizenship. No arrests were disclosed in the initial reports.

Investigators have reportedly recovered the vehicle used by the suspects after it was abandoned in a remote location.

CCTV footage placed the same vehicle in the area on October 5, one day before the robbery. Police are examining the footage as part of efforts to reconstruct the suspects’ movements before and after the break-in.

Alongside the search for the attackers, authorities are tracing the digital assets transferred from the victim’s holdings.

Investigators are reportedly examining accounts connected to the subsequent sale of the cryptocurrency in an effort to identify the individuals who received or handled the funds.

Details about the destination wallets, exchanges involved and potential recovery of the stolen assets have not been made public.

Police have yet to establish whether the attackers knew about the resident’s cryptocurrency holdings before entering the property or discovered them during the robbery.

The distinction remains unresolved because the intruders demanded several forms of property, including cash, watches and digital assets.

Crypto wrench attacks have cost victims millions in 2026

The robbery in Thailand follows several violent incidents involving cryptocurrency holders, including home invasions where attackers have used threats or physical force to obtain access to digital wallets.

Such crimes are commonly described as wrench attacks, a term used for robberies involving physical coercion to steal cryptocurrency or force victims to authorize transfers.

In an August investigation, crypto.news previously reported that criminals had stolen more than $30 million through violent attacks against cryptocurrency holders during the first half of 2026, citing research from blockchain analytics firm Chainalysis.

The firm documented 46 incidents during the six-month period, compared with 40 in the corresponding period of 2025. Only 12 of the 46 attacks resulted in payments, giving criminals a reported success rate of 26%.

Home invasions accounted for 37% of documented cases, compared with 14% in 2025. Kidnappings represented 52% of incidents, although Chainalysis noted that some cases could involve more than one type of crime.

A separate investigation by security firm CertiK identified 52 verified wrench attacks worldwide during the first half of 2026, with financial exposure totaling $124.1 million.

CertiK’s figure included stolen cryptocurrency, ransom demands, frozen assets and other amounts connected to reported incidents. It did not represent the amount criminals successfully obtained.

The firm’s findings placed France at the top of its list, with 33 verified attacks accounting for nearly 64% of the worldwide total. Europe recorded 39 incidents, while the United States accounted for four.

Armed home robberies have targeted crypto holders in France and the US

Several recent cases have involved attackers entering residential properties and demanding cryptocurrency transfers from occupants.

In September, four masked men held a family captive for more than three hours in Vendin-le-Vieil, northern France, before forcing the father, who worked in the cryptocurrency sector, to surrender access codes linked to approximately €40,000 in digital assets.

The attackers assaulted the father, while his 12-year-old daughter was struck in the face. French authorities investigated the incident as kidnapping and extortion by an organized gang.

Earlier that month, a couple in Alès was restrained and threatened by two armed intruders who demanded cryptocurrency transactions.

The attackers reportedly carried a handgun and a knife and held the couple for more than two hours while their young child was inside the house. Neighbors alerted police after hearing screams, prompting the suspects to flee.

Similar incidents have reached US courts. In June, two Texas brothers pleaded guilty in an $8 million cryptocurrency robbery case involving a Minnesota family.

Federal prosecutors said the brothers held the victims at gunpoint for approximately nine hours while forcing them to transfer digital assets. Both pleaded guilty to interference with commerce by robbery.

Meanwhile, investigators in Thailand are examining the abandoned getaway vehicle, CCTV footage, immigration records and cryptocurrency transactions connected to the Pattaya robbery.

According toPattaya Mail’s October 9 report, officers located a black Toyota Fortuner in a wooded area and identified footage showing the vehicle near Phatthanakan Road and Soi Wat Boonsamphan at approximately 3:38 p.m. on October 5.

Police have not publicly confirmed the suspects’ identities or nationalities, and the investigation remains ongoing.

“While Tether claims to operate out of El Salvador, the vast majority of its assets reside in the United States under your custodianship,” the Connecticut lawmaker wrote. “As Congress considers how to best regulate digital assets, your partnership with Tether will provide important insights into the inner workings of this industry.”

One of the letter’s many requests: “Please describe all steps Cantor Fitzgerald has taken to investigate allegations that Tether’s stablecoin has been used in illicit finance and money laundering, including within Iran’s shadow banking network and for purposes of Russia sanctions evasion.”

Neither Cantor Fitzgerald nor Tether immediately responded to requests for comment sent to their spokespeople.

While Blumenthal and other aggressive congressional critics of the crypto industry, such as Senator Elizabeth Warren, have suffered from a limited authority as members of the minority party, securing a Democratic majority for next year would change that. If they win several more seats in that chamber, they could find themselves atop committees with subpoena power to legally compel information and testimony.

As it stands, the prediction markets suggest that Democrats have a better-then-even shot at returning to the majority. Kalshi has it at 61% and Polymarket at 64%. That number was closer to 50-50 several weeks ago. And the picture in the U.S. House of Representatives is even more positive for Democrats, with both platforms showing the likelihood of a majority shift at more than 90%.