Who are you going with? Professionals or Retail? I'm taking Professionals every time.
However, I'm waiting on the new report -- this data hasn't been updated since April 23. Bitfinex FUD has occured as well as a little bit of stabilization over 5k. These come out on a bit of a delay.
Will be interesting to see how this shakes out.
Keep in mind -- There was a large short squeeze on April 1 that blew out the Institutional Traders, which were all-time-high shorts then -- they were very wrong.