BTCSHORTS trendline?

I'm not too faithful when it comes to BTCSHORTS ratio trendlines but as you can see on the chart the last time that trendline broke down we went from 29k to 69k

Looks like we are building something similar even if it's not as extreme as summer lows but worth keeping an eye on.

I would expect a massive multimonth uptrend once that trendline breaks