> For the complete documentation index, see [llms.txt](https://userguide.cryptoquant.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://userguide.cryptoquant.com/es/top-10-presets/bullish-bearish-trend.md).

# Tendencia del Mercado

## **BTC: Reserva de todos los Exchanges**

Desde el inicio de Bitcoin, la cantidad de BTC en propiedad de los exchanges ha aumentado constantemente. Sin embargo, a partir de febrero de 2020, los inversores institucionales han comenzado a retirar grandes volúmenes de BTC de estos exchanges para mantenerlos estratégicamente a largo plazo. Dichas retiradas han creado presión sobre la liquidez de BTC, y la crisis de ventas ha hecho subir el precio de BTC desde mediados de 2020, según el gráfico siguiente.

### 👉 [Guardar Gráfico](https://cryptoquant.com/prochart/fp272opepr) 

![](/files/-MSRSRa1AsOeG2wcu6sH)

{% content-ref url="/pages/-MSlW6DEcPtp5wCCn2FK" %}
[Reserva de Exchange](/es/exchange-flows-indicators/exchange-reserve-1.md)
{% endcontent-ref %}

## **BTC: Flujo Neto de todos los exchanges (MA de 30 días)**

El flujo neto es la diferencia entre la entrada y la salida de exchanges. En el mercado alcista, es probable que el flujo neto se mantenga negativo. De lo contrario, en el mercado bajista, es probable que se mantenga positivo. Por ejemplo, en la media móvil de 30 días, el Netflow alcanzó un máximo anual en el momento de su máximo en 2018, y el Netflow alcanzó un mínimo anual cuando Bitcoin oscilaba los 10.000 dólares en 2020.

### 👉 [Guardar Gráfico](https://cryptoquant.com/prochart/nfihpalo76) 

![](/files/-MSRSe7LpzCaMFWiQI7x)

![](/files/-MSRSfZrL7I7dk37MVGv)

{% content-ref url="/pages/-MSlVoLc7XKvcbGc8o5q" %}
[Entrada/salida y Flujo Neto de Exchanges](/es/exchange-flows-indicators/exchange-in-outflow-and-netflow.md)
{% endcontent-ref %}


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