I posted my thoughts on this same subject when you made this thread on Wattpad way back when, but as before, no, low views does not mean a trash story. It typically means either not enough time has passed, or the marketing isn't effective yet. Darthmongoose's comments are very good in that regard.
Another marketing note: Stories on Tapas only show up on "Most Popular" with one update per day. So it's better to only post one chapter a day (or less), so that your story has a maximum chance to show up on people's feeds and for them to discover it. Also, which genre is the main one? If Fantasy, that genre is so crowded, even in novels, that it will be harder for the story to show up than GL or maybe romance. On the flip side, though, GL is not very popular on Tapas yet and my own story is the #10 most-liked GL novel despite "only" a thousand likes.
Also, Tapas has pretty low engagement in general, I've noticed. Even on very popular comics with thosuands of views, each episode sometimes only has ten or twenty comments. Now, those commenters tend to be very loyal and are great people, but it appears that the bulk of readers are content to stay silent. And that's OK.
Also also, the chapter 1-chapter 2 drop is actually much bigger than it seems on all stories, for one reason--when people first click on a story on the main site, it tends to drop them into the oldest unread chapter--which is the first one for most people. Even if they don't read it, they still clicked on the chapter and it counts as a read. Sometimes people click on the first chapter, then immediately click on the description which takes them to a different page. All they wanted was to read the description, but the site counts it as an extra read anyway. (At least it appears that way; if anyone knows otherwise please correct me)
It's a tough life writing web fiction, and especially in niche genres. I know that one very well too, especially when a lot of crappy stuff takes off thanks to being the popular genre of the time. But we can hope that if we work hard enough, those niche genres will start to be a lot more popular. BL exploded in popularity over the last 20 years, as did LitRPGs and VRMMO stories and all that sort of stuff. Maybe Glints Saga can help finally make magical girls popular in the West, in a few years.