This is an Umbrella Octopus

Opisthoteuthidae lack an intermediate web but they mimic the defensive mechanism of ballooning by extending the web between their tentacles as much as possible and curving the outer edges of their arms inwards in order to have the edges touch the ground. They also extend their fins parallel to the floor to help keep their balance or they curve them around their mantle. Opisthoteuthidae have been observed to hold this position for five and a half minutes. Another defensive mechanism that Opisthoteuthidae have been observed using is web-inversion which is when they have their arms turned upwards and their web with the oral surface facing outwards. The oral surface can be facing the floor, or the octopuses may lie laterally so their side is in contact with the floor. It has been noted that these defensive behaviors are the positions the octopuses may go into while feeding as well, but it is possible that this could be because of the stress of being captured and placed in an aquarium to be observed.[1]