Is $80K Next for BTC Price as Skew, On-chain Data Flip Bearish?

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.