Investors have taken a bearish stance in the Bitcoin options market, evidenced by a notable shift in open positions on Deribit exchange. The $80,000 put option now holds the most open positions, with investors committing over $2 billion in this position, anticipating a potential price drop below $80,000. Just last week, the $85,000 put option held the top spot, but it has since dropped to second place. The $140,000 call option’s open positions have also decreased significantly, now amounting to just $1.56 billion. 80,000 is being eyed as a crucial price point for short-term market volatility. The shift towards bearish strategies reflects a growing expectation of further Bitcoin price declines.