MASTR · 2024–2026
Liquidity, concentrated supply, execution, fees, leverage and the difference between receipts and returns.
98 · Selected publications · 2/5
Andrew Left, the founder of Citron Research, has been found guilty of securities fraud after prosecutors said he used his public influence to move markets through tweets and research calls, then traded around those moves for profit.
He did it because Strategy is a company, and companies exist to protect capital, manage liabilities, satisfy shareholders, service obligations, and extract profit when the structure demands it.
"Waiting on a Sunday afternoon For what I've read between the lines Your lies Feelin', like a hand in rusted shame So do you laugh or does it cry”
It does not. That was the visible number, the number that could be reported from exchange liquidation dashboards.
JamesWynnReal did not fall in private, but in full public view. That is what makes his story so strange, so brutal, and so perfectly crypto.
$DRB, short for DebtReliefBot, is a Base memecoin with one of the strangest origin stories in crypto.
And while Forbes estimates CZ at over $100 B, which CZ himself has questioned, Devasini may very well be the richest man in crypto.
The $ASTEROID and $RAVE mess, and nearly everything that supposedly reached serious market cap territory since around January 2025, keeps pointing to the same rotten conclusion: almost nothing in this space becomes large without being…
Not through hype. Not through price action. Not through endless cycles of attention, speculation, and narrative warfare.
Within the first 24 hours after the large-scale US-Israeli strike on Iranian strategic targets, total crypto market capitalisation fell by roughly 5 – 8 %, Bitcoin dropped about 6 – 9 %, and leveraged long positions worth more than $1…
The only buyers left are the compulsive gamblers and those who still refuse to accept that the expected value is worse than a lottery ticket.
Not because the charts look bad at the moment or because the market cap is bleeding, but because the narrative that once carried us has thinned out into something I can no longer defend with the same conviction.
Let me be clear: hodling is rewarded even less. Trading (gambling) and pump and dumps are reinforced.
Listen carefully, because the phase we are in right now is not a market condition, it is a structural exposure of how fragile the entire web3 and CT economy actually was once the vertical liquidity stopped.
It’s absolutely insane what we’re being forced to watch and what it reveals about these people is telling..
If we want real change, token and coin teams must be the first to act. But they are the worst when it comes to hypocrisy.
I use a very simple and slightly depressing metric to gauge how much liquidity is being traded, or rather gambled, on L2 right now.
“CEX Futures Liquidations #ETH Liquidated Long: 1,345,535,687” means the sum of many long liquidations across exchanges over a short window.
I keep receiving messages from people who want to start a crypto project to "improve this space" or whatever.
Binance’s article reads like a post mortem....a liability minimization document wrapped in technical language.
This $ASTER and $WLFI bullshit is fucking blind submission to power and narratives, and it has wiped out more people than any bear market ever did.
I get asked about this constantly, so I want to answer it here once for everyone. Unfortunately, I receive more questions about $whitewhale than about my own project.
The Perils of Crypto’s Recycled Liquidity: Crypto markets today face a paradox of thrilling narrative hype without new capital inflows.
Please give him and the other 90% of KOLs on X who have rugged you gamblers for years another chance to rug you by 90% fairly, organically, bullish and for the community. For the $WYNN !