Bitcoin margin long-to-short ratio at Bitfinex reach the highest level ever

A key Bitcoin price metric hit a new all-time high, but is this a bullish or bearish development?
Source: Bitcoin margin long-to-short ratio at Bitfinex reach the highest level ever (https://cointelegraph.com/news/bitcoin-margin-long-to-short-ratio-at-bitfinex-reach-the-highest-level-ever)
Would appreciate your opinion about this