I have the same issue also flashed esphome on it and its the same issue actually SW1 is flickering. Anyone thinks it can be because of the bypass ?
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state OFF
[D][binary_sensor:036]: 'shelly1l-livingroomlight_switch_1': Sending state ON