The Coinbase Premium Index for Bitcoin has remained in negative territory for 60 consecutive days, marking a record low according to Coinglass data.
The last time the index recorded a value above zero was on May 19. As of July 18, the index stands at -0.05%.
The previous longest negative streak lasted 40 days, from January 16 to February 24.
Coinbase Premium is often used to gauge the sentiment of U.S. retail investors—the lower the value, the weaker the interest in the asset.
At the time of writing, Bitcoin is trading at $64,100, having gained 1.5% over the past 24 hours.
Bitcoin managed to recover from a drop caused by a stock market crash, including the semiconductor sector, last Friday.
Earlier, from July 13 to 17, spot Bitcoin ETFs saw net inflows of $75.5 million. These products recorded their second consecutive positive week.
