Bitcoin (BTC) price is facing heightened scrutiny as bearish signals emerge from derivatives markets and on-chain activity. With the BTC price hovering near critical levels, traders are asking: Could $80,000 be the next target? In this analysis, we dissect the latest Bitcoin price trends, including a bearish shift in options skew, negative gamma exposure, and weakening on-chain metrics—all pointing to growing downside risks for BTC.
Bitcoin Price at Risk: Bearish Skew & Gamma Exposure Signal Trouble
With the recent rug pull scams, the crypto market, including BTC’s value, looks primed for a crash. Options and futures data point more downsides ahead fo BTC.
1. Deribit Skew Turns Negative as Traders Hedge Against Downside
The BTC Deribit 25A Skew, a key metric tracking demand for puts vs. calls, has flipped bearish, reflecting heightened fear among traders. The data shows that the short-term skew has flipped to put premium, suggests aggressive put buying dominates. With 1-week skew plunging into negative territory, traders are hedging against a potential Bitcoin price drop, mirroring sentiment during past market tops.
The Long-term skew, Remains slightly negative, signaling a lack of long-term bullish conviction.
Why This Matters?
Negative skew suggests traders are bracing for volatility, with BTC price risks skewed to the downside. This aligns with fears of a deeper correction toward $80,000.
2. Gamma Exposure Hints Market Makers Could Fuel Crash to $80K
The BTC Gamma Exposure chart reveals a critical vulnerability for Bitcoin price. The Negative Gamma Below $90K shows that market makers are ‘short gamma’ up to the $90,000 strike price. If BTC price falls, they’ll be forced to sell BTC to hedge positions, accelerating downward momentum.
According to the analyst Nazri, this creates a “negative feedback loop” where selling begets more selling. Many traders, including Nazri, call this scenario a “goblin town.”
Additionally, limited positive gamma for calls above $96K indicates weak bullish momentum, reducing chances of a near-term rebound.
What this means for BTC Price?
A break below $90,000 could trigger automated selling by market makers, opening the path to $85,000 and eventually $80,000.
3. On-chain Data Shows No Short Leverage
While options data paint a bearish picture, on-chain metrics exacerbate this outlook. Bitcoin liquidation map shows short liquidation clusters up to $86K. Nazri suggest that BTC price could crash lower and hunt these positions before “sustained move higher.”
Will BTC Price Hit $80K? Key Levels to Watch
A bearish breakdown with a daily candlestick close below the $90,000 psychological level could catalyze a swift drop to $85,000, which is the first target. Beyond this, if the sell orders continue to pile up, Bitcoin price forecast remainsbearish with a second target of $80,000,.
A bullish reversal scenario could evolve after a sweep of the liquidation clusers in the $85K region. If this is followed by a skew flip to positive with stabilization of gamma above $96K. In such a case, the resistance level at $100,000remains strong. A breakout above this key hurdle without a catalyst is unlikely.
Conclusion: Prepare for Volatillity
While the BTC price could rebound if sentiment shifts, the current data—bearish skew, negative gamma, and weak on-chain activity—suggests $80,000 is a realistic near-term target. US investors should prioritize risk management, hedging strategies, and close monitoring of derivatives markets.
Frequently Asked Questions (FAQs)
The Bitcoin derivatives market is showing bearish signs, with a negative skew and negative gamma exposure.
The Gamma Exposure chart reveals that market makers are “short gamma” up to the $90,000 strike price, potentially accelerating downward momentum.
A daily candlestick close below $90,000 could trigger a swift drop to $85,000 and potentially $80,000.
Akash Girimath
Senior Cryptocurrency Analyst & Market Strategist
Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts.
A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise.
Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/is-80k-next-for-btc-price-skew-on-chain-data-flip-bearish/
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