Bitcoin's first quarter track record is actually worth paying attention to. Historically it hasn't been terrible—even that disaster of a 2018 Q1 aside, things have generally held up reasonably well. Take 2022, a full bear market year, and Q1 still managed to avoid getting hammered too badly. The pattern shows up if you look back far enough. But here's what makes this year interesting: we're heading into Q1 after a pretty dead year for momentum. So what happens next? The seasonal playbook might not apply the same way. Worth watching how this quarter unfolds.