It depends on the size of your cyst. If your cyst is small and requires only 2-3mm of incision, bleeding will be minimal. With a larger cyst, however, there might be more bleeding. After the procedure, your medical provider will apply an antibiotic ointment and tape the site where the cyst was removed. You will be encouraged to hold direct pressure (using gauze) on the site for one to two hours following the procedure to reduce your chances of bleeding.