short/longs bitfinex and the #REKT game

Updated
Shorts/LONGS ratio is above 1 after a long time. What does it mean? I don't know. From the plot we can see that last time we were above 1 btc was going up big time. Now it seems we are on the edge of a bear market. Can we apply the same logic?

Bulls are tired, too much rekt people going long lately...
Note
in leverage market most people sadly get rekt! The majority is now on the short side, so I think we will see a squeeze soon (moving the ratio to 1).
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there it is, what a freaking squeeze!
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snapshot
Beyond Technical Analysis

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