Bitcoin continues to sharply drop, falling below the $58,000 mark for the first time in a long time. These declines are attributed to growing concerns about inflation, the Fed's tightening policy, and the strengthening of the dollar in recent weeks. Currently, the situation with Bitcoin is worsening, which is reflected in the options market. According to data, there has been an increase in bets on the options market for a drop to $BTC $50,000. According to analysis by analyst Omkar Godbole, investors in the Bitcoin derivatives market are taking positions expecting further price declines rather than increases. The analyst noted that after the recent drop to $57,700, Bitcoin partially recovered and reached approximately $58,800, while open interest rose to 768,000 $BTC. At this stage, the analyst noted that put options, which represent bets on a price decline in the options market, are valued higher than call options for all expiration dates. According to data from Paradigm's trading desk, demand for a $50,000 Bitcoin put option expiring in September has increased. In conclusion, according to the analyst, this position indicates that investors have raised the probability of the price falling below $BTC $50,000 by the end of the third quarter.