The crypto market welcomes the Spring Festival "gift coins" trend, with BTC's returns over the past five years being impressive.

As the Spring Festival approaches, the crypto market has also entered the "gift coins market" mode. Various digital assets have risen, with the total market value rebounding to around 968.8 billion USD, reversing the sideways trend of nearly 3 months. Data shows that Bitcoin (BTC) has increased by 14% in the last 7 days, standing firm at the 20,000 USD mark for 5 consecutive days.

To understand the performance of the crypto market during the Spring Festival, we reviewed the trend data of BTC over the past 5 years and popular tokens over the past 3 years during the Spring Festival, and found the following characteristics:

1. BTC has risen every year during the Spring Festival in the past five years, with a minimum increase of about 5% and a maximum exceeding 16%. This means that there is a high probability of a "gift coins market" for BTC during this year's Spring Festival.

2. Buying BTC on New Year's Eve and selling it on any day afterwards yields the highest average return rate of 9.4%. The average return rate for purchases made before the fourth day of the New Year is also above 6.7%. However, for purchases made after the fifth day, the average return rate drops significantly to below 2%, and the probability of loss increases markedly.

3. During the Spring Festival, the daily average maximum amplitude of BTC is comparable to usual. On the fourth, eleventh, and twelfth days, the daily average maximum amplitude exceeded 7%, showing significant fluctuations.

4. During the Spring Festival in 2019 and 2020, the proportion of profitable chips in BTC increased by about 15 percentage points. From the second day to the fourth day of the new year, the growth of profitable chips was quite noticeable.

5. In the past three years, if 10 popular assets were bought at the market opening on New Year's Eve and sold at the market closing on the sixth day of the Lunar New Year, the average return would be approximately 16.79%. If held until the market closing on the fourteenth day of the Lunar New Year, the average return would be about 20.01%. However, popular assets are highly volatile, and some assets still carry a risk of loss during the Spring Festival.

Overall, the crypto market has shown a strong performance during the Spring Festival "gift coins"行情, but investors still need to pay attention to the high volatility risk on a single day. Although the returns on popular assets are high, their volatility is significantly higher than BTC, leading to greater investment risk. Investors should carefully operate in accordance with their own risk preferences.