8 in a magic ring (8)
8 inc (16)
(1inc,1sc)x8 (24)
(1inc,3sc)x6 (30)
(1inc,4sc)x6 (36)
(1inc,5sc)x6 (42)
(1inc,6sc)x6 (48)
48 sc (5 rows) (48)
(1inc,7sc)x6 (54)
54 sc (54)
(1dec,7sc)x6 (48)
Don’t close, leave final loop, but cut the yarn leaving really long tail as we are going to connect top and bottom part with it, adding in each stitch 3 sc.

Bottom part
Can be in one color or multiple for the tentacles.
Below is the base for the bottom part.
Starting from the 3rd row we will add tentacles evenly spread out.
How?
e.g. start the 3rd row with 1 inc and 1 sc, but instead of the next inc, start making a chain on the created sc. Chain about 40 loops, turn, and in 2nd loop from the hook make slst.
Continue till the final/beginning loop and the continue to the next inc. Spread them evenly and add in each row except the last one.
8 in a magic ring (8)
8 inc (16)
(1inc, 1sc)x8 (24)
(1inc, 2sc)x8 (32)
(1inc, 3sc)x8 (40)
(1inc, 4sc)x8 (48)