Reflexivity in Cryptocurrency?

When when the defet market turns one 30 to forty %, and to event, the value ation stays the same. So em how do you think about reflexivity in defie? Because i feel like we see this a lot, right? The value of a particular talk goes up. And so you have this kind of fly wheel that makes everything more valuable on the way upt, and also make it crash way harder on the way down. I think it can be overplayed a little bit, because i thinkthatat the quantum of capital, the quantum of, i guess o, incremental buyer or seller in up or down ticks in crypto can often make those sort of inflationary impacts