Bitcoin gained during Chinese New Year in 11 years out of 12, proving consistent performance.
The highest return was in 2021, when Bitcoin rose by over 70% during the festive season.
Recent years show Bitcoin’s steady growth, with returns like 25.7% in 2023 and 22.8% in 2024.
BTC has consistently increased during Chinese New Year, delivering gains in 11 out of the past 12 years. Data from Matrixport reveals a trend where purchasing Bitcoin 10 days before and holding it for 10 days after has often resulted in profits. The only year with a negative return was 2014, highlighting this rare deviation in its performance.
https://twitter.com/Ashcryptoreal/status/1884733853866115266 Annual Insights on Bitcoin’s CNY Performance
In 2012, Bitcoin gained 45.2% during the CNY period, its strongest start in the dataset. However, 2014 was an outlier, as Bitcoin fell by 22.3%, making it the only year with losses during this timeframe.
The crypto saw steady growth in the following years. Bitcoin rose 17.5% in 2015 and 11.5% in 2016, showing moderate but reliable gains. In 2017, returns improved to 21.3%, and 2018 delivered an increase of 38.5%, further strengthening this positive performance trend.
The next two years brought subdued results as Bitcoin’s value remained relatively stable. 2019 it grew by only 0.7%, while 2020 saw slightly better gains at 6.1%. These quieter years preceded Bitcoin’s historic 2021 bull run when it posted an incredible 70.9% during the same period, marking its highest performance ever.
Steady Growth in Recent Years
In more recent years, Bitcoin has continued to perform positively during CNY. It gained 15.6% in 2022, followed by 25.7% in 2023. The latest data from 2024 shows a solid 22.8% increase, reflecting consistent growth during this period.
This recurring pattern may be driven by heightened trading activity during CNY, particularly as retail investors and market liquidity increase around this time. The data suggests that Bitcoin’s price movement during CNY aligns with wider market dynamics and momentum.
Why This Trend Matters
Matrixport’s findings highlight the potential for profitable opportunities during CNY, but the reasons behind this seasonal trend remain open to interpretation. Market observer Ash Crypto shared his thoughts on Twitter, saying that Bitcoin has shown positive returns in 11 of the past 12 years. These findings point to a period in the market calendar, showing how historical performance can guide future investment strategies.