Market reflexivity is a specific Markets coordinate in the Bitcoin knowledge graph. In practical terms, it identifies the subject described here: A feedback loop in which market prices change financing capacity, behavior and fundamentals, which then affect prices again. This definition is narrower than promotional usage and should be read together with the implementation, date and evidence attached to the entry.
Market reflexivity is best understood as part of a system rather than as an isolated definition. Its related coordinates show the mechanisms, incentives and historical records that give the term practical meaning.
Market reflexivity describes how participants value, trade or obtain exposure to bitcoin. Market behavior can affect adoption and mining economics, but it does not rewrite consensus rules. Price evidence and protocol evidence answer different questions.
Understanding Market reflexivity helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.
Primary or authoritative records make these details checkable: reflexivity describes feedback in which participants' beliefs affect prices, financing or behavior and those outcomes then alter beliefs and fundamentals; the claimed loop should identify variables and timing. They should be verified before using the coordinate in analysis.
The practical limit is: the label is not a complete causal model or a prediction of direction; common shocks, leverage, liquidity and selection bias can mimic feedback. A definition, office, chart pattern or published claim is not by itself a prediction or Bitcoin consensus rule.
For the clearest picture, read this entry together with mNAV, At-the-market offering, Strategy (MicroStrategy), Lightning liquidity, Volatility, Leverage. The reverse links also lead from mNAV.