Bitcoin (BTC) investors have already fabricated more on their holdings this quarter than any Q1 since 2022, equally data shows a sustained influx of institutional interest.

According to findings from statistics resource Skew Markets, Bitcoin's gains so far in 2022 amount to just under thirty%. In no other quarter in the by six years did markets perform that strongly.

2020 thrashes downbeat Q1 tendency

Past contrast, Q1 tends to be an underwhelming menses for Bitcoiners. 2022 saw 39% losses, while 2022 and 2022 saw BTC/USD drop by 24% and 3% respectively.

Only 2022 and 2022 managed to produce positive moves, but at around 11%, neither comes close to this year. 2022 and 2022 were the years Q1 returns were strongest, at 165% and 570%, according to Bitinfocharts' price index.

Bitcoin quarterly returns

Bitcoin quarterly returns. Source: Skew Markets

The impressive stats come up amid renewed organized religion in Bitcoin'due south long-term potential. As Cointelegraph reported, Bitcoin futures data suggests institutions truly are engaging with the cryptocurrency on a new level as more products hit the marketplace.

Aggregate open interest across futures products is now college than e'er, with Skew recording a total of effectually $three.7 billion equally of Jan. 28. Volume across Bitcoin markets is besides on the increase.

"Volume tells all," trader Scott Melker summarized every bit he hailed encouraging progress for BTC price versus volume in 2022.

Conversely, regular consumers appear little interested in Bitcoin'southward recent price ascension over $9,000 — Google search requests remain flat.

Is BTC approaching "greed correction"?

That college toll is likewise subject to speculation from commentators. In an assay on Tuesday, trader Tone Vays demanded the $9,000 level hold for at least several days before he considers a bull market in effect.

Another indicator, the Bitcoin Fright & Greed Index, which charts Bitcoin's probable price trajectory based on investor sentiment, is flashing bearish.

Currently, with a score of 57, the metric is slanted towards suggesting the marketplace is "due for a correction."

Bitcoin Fear & Greed Index

Bitcoin Fear & Greed Alphabetize. Source: Alternative.me

How much the potential losses would total meanwhile remains a subject of speculation in itself. Bitcoin's January performance has already turned some analysts incomparably bullish, with several recently telling Cointelegraph that previous lows of $6,000 would not render.

For regular Cointelegraph contributor filbfilb, by contrast, just one major resistance barrier remains to further highs subsequently Bitcoin beat out resistance provided by its 200-mean solar day moving average (MA).

"200 dma establish the support. Next level is the old resistance at $9,555 daily close above there and things could escalate," he told subscribers of his Telegram trading aqueduct on Tuesday.