{"path":"/market/hodl_cave","tier":2,"parameters":{"a":["TRX"],"c":["native"],"f":["csv","json"],"i":["1w"]},"queried":{"a":"TRX","path":"/v1/metrics/market/hodl_cave"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/market#get-v1-metrics-market-hodl_cave","studio":"https://studio.glassnode.com/charts/market.HodlCave"},"bulk_supported":false,"timerange":{"min":1,"max":3179},"modified":1784216273,"descriptors":{"name":"HODL Cave","short_name":"HODL Cave","group":"HODL Waves","tags":["spot","cohorts"],"description":{"default":"**Definition.** HODL Cave is the distribution of historical returns for investors who hold %ASSET% over various durations, visualizing both potential gains and risks across holding periods.\n\n**Technical.** The chart shows holding period in days on the x-axis and the distribution of historically observed returns at that duration on the y-axis as percentiles. For example, at a three-year holding duration, if the 80th percentile line shows a 5x return, 80% of all three-year holding periods achieved at least that return. The series is not static: new holding windows ending at the current timestamp contribute to all existing holding periods and modify the observed distribution.\n\n**Interpretation.** Surfaces the full spread of historical outcomes at each holding duration rather than a single average, exposing both long-term growth potential and short-term volatility. Answers questions of the form: what have been the typical returns for holding %ASSET% for three years?\n\n**Notes.** First introduced by [Unchained Capital](https://unchained.com/features/hodl-cave).\n"},"data_sharing_group":"market"}}