BTC: margin short interest too low for a bounce?

The indicator developed by DanielCal showing the margin shorts and longs at Bitfinex. As can be seen, the history of data indicate that we need a “short overweight” or at least equilibrium for a proper bounce. The April bounce attracted more shorts by stumbling sideways. Let’s see..
Caution: the TV time series on shorts and longs at BFX is pretty limited.