Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
There is a saying that has been popular in the crypto circle for a long time—Bitcoin follows a four-year cycle. But looking at these data, it seems not so simple.
From 2011 to now, this digital asset's performance has been truly outrageous. It increased by 5428% in 2013, 1369% in 2017, and only 60% in 2021. During downturns, it also defies logic—down 74% in 2018, 64% in 2022, and this year 2025, it’s down another 5% at the start of the year.
In 2020, it surged 303%, and in 2024, it rose 121%… It seems any pattern can be fitted. Some years see strong rebounds, some are flat, and some are outright halved. The question is: can the idea of a four-year cycle still be valid?
Perhaps cycles exist, but they are never as regular as we think. The market always has its own temper.
Bitcoin is always breaking your expectations, and that's the norm.
Basically, it's armchair quarterbacking; any pattern can be fabricated.
The cycle theory should have been thrown into the trash long ago. Wake up, everyone.
The data is right here. Take a good look and stop fantasizing.
Ah, another year of "this time it's different," I'm tired of hearing it.