According to data from Coinglass, Bitcoin’s performance in the first quarter over the past five years has demonstrated promising trends, with a notable pattern of gains eclipsing losses. Specifically, in Q1 of 2024, Bitcoin achieved a remarkable gain of 68.68%, while Q1 of 2023 saw an even higher gain of 71.77%. In contrast, the cryptocurrency experienced minor setbacks in 2022 and 2020, with losses of 1.46% and 10.83% respectively. Overall, since 2013, Bitcoin’s average first-quarter return stands impressively at 56.47%, underscoring its resilience in a fluctuating market environment.
Furthermore, analyzing monthly data, January has consistently been a strong performer for Bitcoin. The average gain in January, recorded at 3.35%, highlights its potential for profitability at the start of the year. Over the past five years, Bitcoin’s January performance includes four gains and just one loss, with notable peaks such as a 39.63% gain in January 2023 and a 29.95% gain in January 2020. These statistics are pivotal for investors keen on understanding Bitcoin’s seasonal performance trends.