What does the Long/Short interest imply?

It is interesting to look at the BTCUSDLONGS and BTCUSDSHORTS on this down move. The significant drop in leveraged long positions suggests that this is a profit taking move. Those that were in leveraged long positions are losing faith in a new ATH any time soon. They are getting bored. The corollary to this is that a further move down is not as likely to trigger a massive forced liquidation event since there are fewer leveraged positions.

My gut tells me no crash is imminent; but no big moves either. It could remain quite boring.