CoinWorld News reports that analysts explain the recent stock price trend of MicroStrategy (MSTR) through Soros's reflexivity theory. This theory suggests there is a two-way interaction between investor expectations and prices. The stock price of MicroStrategy has continued to decline since being included in the NASDAQ 100 index, dropping nearly 45% from its historical high. Analysts point out that various market signals indicate that MSTR may have formed a short-term top. Despite the recent significant pullback, MSTR's long-term performance remains impressive, having risen over 400% this year and accumulating a 20-fold increase since August 2020. Most analysts believe that MSTR has historically ended up rising after several pullbacks.