Most babies are 'sleepy' during the first couple of days after the birth, and may not wake frequently for feeds. A few will be fussy and unsettled, wanting to suckle frequently. How much your baby will want to feed will vary. Newborn babies initially need to feed frequently for nourishment, and their instinctual needs are the main reason they will wake frequently overnight in the first couple of months. Babies also need to adjust to digesting their food, and can sometimes take a few days to 'adjust' to drinking formula.
It is generally recommended that bottle fed babies be fed 'on demand', rather than a structured feeding pattern, determined by the parents. 'Stretching out' the time between feeds, especially in the early weeks can distress the baby and lead to them not 'trusting you' to meet their needs (usually equating to an unhappy and unsettled baby). Your baby wakes for nourishment and their stomachs are small, therefore only meant to tolerate small, regular feeds. By the time the baby is 8 to 12 weeks old, they will most likely move into a more 'adult friendly' sleep pattern.
The closeness (or bonding) that is associated with breastfeeding is also an important part of bottle feeding. Interacting with your baby during feed time is thought to be one of the factors that could contribute to higher IQ levels, when comparing breastfed and bottle fed babies. When a baby is held close, they hear the familiar sound of your breathing and heartbeat they know your unique smell as being the one who nurtures and cares for them. Therefore cuddling your baby close, holding eye contact, talking with your baby and enjoying this special time while feeding, can benefit your baby. Most parents also find this an extremely emotionally rewarding experience, as well as an excuse to sit quietly, and take time out to gaze in wonderment at their beautiful newborn baby.