We classify all bifurcations from traveling waves to nontrivial time-periodic solutions
of the Benjamin–Ono equation that are predicted by linearization. We use a
spectrally accurate numerical continuation method to study several paths of
nontrivial solutions beyond the realm of linear theory. These paths are found to
either reconnect with a different traveling wave or to blow up. In the latter case, as
the bifurcation parameter approaches a critical value, the amplitude of the initial
condition grows without bound and the period approaches zero. We then prove a
theorem that gives the mapping from one bifurcation to its counterpart on the other
side of the path and exhibits exact formulas for the time-periodic solutions on
this path. The Fourier coefficients of these solutions are power sums of a
finite number of particle positions whose elementary symmetric functions
execute simple orbits (circles or epicycles) in the unit disk of the complex
plane. We also find examples of interior bifurcations from these paths of
already nontrivial solutions, but we do not attempt to analyze their analytic
structure.