According to Edward Dowd, a 1987-style ‘Black Monday’ crash on Monday is very unlikely because major crashes have not started from all-time highs, and the SPX set a record last Thursday; he notes 1987’s 22% drop followed weeks of drawdown and a failed countertrend rally before the crash (source: Edward Dowd on X, Oct 11, 2025). Dowd adds that while the fundamental backdrop is horrendous, confirmation of a new downtrend requires multiple days or weeks of bearish price structure before making that call (source: Edward Dowd on X, Oct 11, 2025). For crypto-facing traders monitoring cross-asset risk, past research shows BTC’s correlation with equities rises during stress, so if a crash is unlikely near term as Dowd suggests, immediate crash-driven spillover risk to crypto is reduced, but SPX structure should be monitored closely (sources: Edward Dowd on X, Oct 11, 2025; IMF, Crypto Prices Move More in Sync with Stocks, Jan 2022).

According to @CryptoMichNL, the Japanese Stock Index has experienced a significant drop of 12% in a single day, marking the largest crash since 1987. This event indicates a market capitulation, suggesting that a major economic intervention, such as increased money printing, may occur soon.