In this daily market update, Crypto Mason (the host of the "Crypto Mason" YouTube channel) delivers a fast‑paced, conversational briefing for his "Gold Squad" audience. He begins with a quick promotional plug (Twitter handle, recent HBAR giveaway) before diving into market analysis. Mason reviews Bitcoin’s recent short‑squeeze, citing $225 M in short liquidations on Feb 3 and $75 M on Feb 4, and projects a $40 K support level. He then touches on Ethereum’s price around $3 K and moves to a series of altcoin snapshots: bullish but partially exhausted rally in Gala Games, optimism for Helium, Tfuel and Theta, a personal trade exit from Quant at $137 (with commentary on momentum and resistance), and a highly enthusiastic outlook for XRP, predicting “legendary” FOMO‑driven moves. He discusses MATIC’s recovery and his own NetSwap farming results. Mason briefly critiques HEX, labeling it a “social experiment” while praising Richard Heart’s ingenuity, and recounts a personal ETH “casino” experiment. The second half shifts to broader crypto‑related news: the Freedom Convoy GoFundMe freeze (used as a Bitcoin‑maxi argument against centralized platforms), the passage of the America Competes Act without a controversial crypto provision, commentary on legislators Hester Pierce, Ted Budd, and SEC Chair Gary Gensler, and Jack Dorsey’s UBI‑Bitcoin discussion. He then provides an update on the Flare airdrop roadmap, mocks Meta’s struggle against TikTok, and notes Saudi Arabia’s announced $1 B metaverse investment. The video ends with calls to follow Mason on social media and join his Telegram group.
Chapters
What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. Shout out to the Gold Squad. We look for gold in every single aspect of our lives and we always find it. Now today we have another daily market update you're going to want to watch to the end of this one. We've got a lot of good stuff to cover. Before we get into it, make sure you're following me on Twitter right here. That is my username. We did a 2,000 HBAR giveaway the other day. That was very fun on livestream. We gave away 2,000 HBAR. Very nice. So let's get into the market today. Bitcoin is doing good, okay? Still doing pretty good here. We're at 1.9 trillion or 1.89 trillion. Now what did I tell you in yesterday's video? Like, we can literally go back, uh, when we were sitting at like 40, 40.4K, right? 40.4, like, uh, 40,400. I said that this is a short squeeze and we should pump up to about 42,000. We did exactly pump up to 42,000. Um, if we get off Heikin-Ashi candles, we can see $41,900 basically got all the way up there, and I think that was the goal with this short squeeze. And now you can see on the 4-hour, we started to even out a little bit. On the 12-hour, still looks decent, like we could, you know, stay above $41,500, or we could go up there and then start coming down. I think we're actually going to start coming down and and hopefully $40,000 holds. That's what I want to see, $40,000 holding as a level. You can see if we go to CoinGlass and look at the liquidations, you can see this is the— let's go to the 12-hour. Actually, let's go to the all because then we can see it on the daily. So, so February 3rd, right, there were $225 million of short liquidations there. And then February 4th, there was another $75 million. Folks, don't be leverage trading. Okay? $225 million, $75 million. And by the way, that's nothing. Like, that's a— it's a decently big one, right? And you can see this yellow line is the Bitcoin price. So right here, the Bitcoin price spikes and everybody who was shorting got liquidated. And then you can see right here the big spikes. Like, look at this one, dude. So you can see the yellow line once again is the Bitcoin going down. Bitcoin crashed right from $56,000. We went all the way to $49,000. So about $7,000. And you can see there were $1.58 billion of longs liquidated that day. That is just horrendous, bro. I can't— it's not a laughing matter because people lost $1.5 billion there. Um, so I think that was the goal, to go and, and, and short squeeze it, right? A short squeeze is where the price is going down, a lot of people are shorting, the price gets pushed up really fast and liquidates everybody. It squeezes them. Now zooming out to Ethereum, we did have $3,000 Ethereum. Um, as a person who holds like all altcoins and doesn't hold Bitcoin, I love to see Ethereum doing well. Um, obviously we've fallen off a cliff here a little bit. Uh, we peaked out at $3,052. We'd like to see that. Zooming out to all of the altcoins, Gala Games— Gala Gaming is pumping right here. So my thoughts on Gala: I am extremely bullish, but a lot of this wealth creation has already happened, dude. Going from $0.006 okay, literally at the start of the year to— in 2021— to 75 cents. Literally millionaires, so many millionaires were created from Gala, right? So the millionaire creation has kind of already happened, but dollar cost averaging in at 20 cents, you know, could be— could pay off. Um, but this is— from here to here is like 100x, man. So we've also got Helium, Tfuel. I'm, I'm bullish on Tfuel and Theta. I don't hold any, but I'm pretty bullish on them. We've got Quant. Let's talk about Quant. I posted in my Telegram group— if you're not in there, make sure you join, the link is above and in the description— um, I posted that I sold some Quant for the first time ever. I sold some Quant at $137. $137. Now if we go on the 12-hour chart, right, the reason I did this is I see this momentum wave coming down or, or making the flat top, and this is probably— this momentum wave is probably gonna slowly come down here. Okay, so why would I not sell it? Like, I bought some Quant at like $50 or $100. I think I, I bought some more Quant at $100. So I just thought like, okay, And by the way, I, I sold the top here. Like, I could have had, uh, limit orders like placed at $145, and that would have been way better. But the mo— the, the biggest close, candle close we had, uh, was $137, and I sold at $137. So this looks like it's coming down a little bit. I'm still bullish, obviously, but, um, it looks like we couldn't get past that $150 resistance. XRP, 65 cents. Loving the gains on this. Um, guess what? One thing I know for sure is the FOMO— FOMO means fear of missing out— on XRP will be crazy. Okay, I cannot wait to hear this question again: Mason, is it still a good time to buy XRP? Guess what? When this was happening— hold on, let's go to all. When this was happening in April, or, uh, January, February, March— March and April, okay? Um, when we were going to $1.45, like $1.80 at the all-time high, right, dude, my comments and my DMs on Instagram and Twitter were filled with, Mason, do you think it's a good time to buy still? Can I still buy still? Like, all of these days right here from like, um, March 29th, right, to April Even over here, April 4th or, or May, like it was just like, Mason, is it still a good time to buy? So I can't wait until I see that question again. It will happen. XRP will be legendary in some way, uh, in some way this is gonna make a massive impact in my opinion. I know yesterday I showed the competition to XRP. A lot of people were pissed off about that. Why? You can't objectively look at your dang Investment, bro. Why is there one fintech startup in all of the United States that's not Ripple that has a Federal Reserve master account? Why? Tell me. Nobody can answer. Why isn't that Ripple, right? Because Ripple's going to be either competition or it's going to be one of the payment systems that's integrated beside SWIFT, beside, um, What were the other ones? I forget. ACH and all of those. Now moving on, MATIC DAO. Okay, MATIC DAO is pumping back up. I like to see this slow rise back up here. Um, it looks like we're like, we're good. Like we just set our own resistance here at like on the 7-day chart at like $1.45. I'm still farming this, right? Um, if we go to my NetSwap farm Um, I showed y'all all how to do this before. Um, hold on, I will have to connect my wallet here. I do want to show you this though because, um, this— it's been stacking up and it just looks very cool to see how much money I got stacking up in there. Let's look at it right here. Boom, I got $107 ready to harvest, and that's just because I haven't added any MATI to pay for the dang gas. My MATI— I drained my MATI out, so I have to add a little bit of MATI. Now moving on, we have this video right here, okay? J Crypto posted this, and basically this is me hating on HEX and calling HEX a scam. And then if you watch this, I'll put the link to this in the description. If you don't know where those are, right, you can go down to any of my video descriptions And, um, oh my goodness, Mason officially has a KFC router. I bought my Wi-Fi at KFC. Oh my goodness, KFC router here. Um, go down here, right? You can go down here and all the links to everything. So you guys can watch this. I'm not going to play the whole thing, but basically I'm, I'm giving some praise to Richard Heart and, um, saying that I look at HEX as just a social experiment. I like to observe it. But one thing I do want to say, by the way, Richard saw this, which is dope. I like how Richard saw that. He said nice. Um, and some people are surprised that I'm able to just sit and observe HEX. Um, but dude, I feel like, I feel like that's okay because the one thing I did do, and I did something very naughty, folks, I did something very naughty. I sacrificed some extra Ethereum. This is a big disclaimer. I had random Ethereum that I found, some extra Ethereum, not that much, like not a crazy amount. And I said, why don't, why don't I just do this? Why don't I just sacrifice and throw this Ethereum? I thought of it as a casino, like, like, you know, when you go to a casino, you, you know, you have to pretend like the money's already lost basically, um, and then you bring an amount of money corresponding to that. I did this. I just sacrificed it, man. So I said that right here under the video. Obviously I have huge respect for Richard Heart, right? Absolute GOAT. Smarter than me on all crypto levels, right? I denied, uh, somebody asked me to do a one-on-one. Just watch this video. You should watch this video. Um, but yes, he is just trying to do something crazy and it pisses a lot of people off. Because it's so crazy and it's working. Um, so by no means am I telling you to do this. In fact, I'm telling you to not do this, right? Unless you want to go to the casino. But I went to the casino and I put some ETH in here just see what happens, like a social experiment. But this time I'm, I'm participating. Now moving on, we have this crazy stuff. Okay, so The GoFundMe for the Freedom Convoy in Canada was accepting donations. They got $9 million. Okay, $9 million is a lot, um, for something like this. Now the president— or not the president, the Prime Minister Justin Trudeau apparently has been coercing GoFundMe, the company, to freeze these donations. That is insanity. That is messed up. That is messed up. And what this person is saying here, Marty Bent, is saying that this is why we need Bitcoin. And I agree. I agree. With Bitcoin, you can fund a lot of stuff. You can fund an entire donation thing. There's no middleman. There's no fees even that are taken from GoFundMe. There's nobody that can freeze your funds. This is— they're literally creating the case for Bitcoin right, right before our eyes. And by the way, obviously this is not just Bitcoin, right? This should say they're making the case for crypto right before our eyes. But this is coming from a very, uh, a Bitcoin maxi, I believe. Um, but this is the case. This is the case, okay? GoFundMe can't be doing that, bro. We do— we can't have those centralized companies. Moving on. America Competes Act. Passes the House without the disastrous provision on crypto. There was originally a provision included in the bill that had critics saying that the Treasury Secretary would not have had limits on surveilling crypto firms suspected of illicit transactions, nor open the matter to include public feedback. Okay, so this, um, this has got through. Without the disastrous crypto part. And we see Congressman Ted Budd. I just saw a post. Didn't I see a post of him and Hester Pierce here? Yes, I did. I remember this. Hester Pierce and Ted Budd. These people both seem to have brains. Gary Gensler, he does not have a brain in crypto unless he goes with what Hester Pierce has been saying, which I really like, which is the safe harbor rule. Now, uh, this is amazing. He says, I've submitted an amendment to fix this massive mistake, right? America Competes. We, um, we covered this before. Moving on, we have Jack Dorsey on UBI. I retweeted the Twitter Spaces. I was in there with Jack Dorsey and all of them, uh, the Twitter Spaces, uh, and he was talking about UBI, Universal Basic Income. With Bitcoin. What? I, I never thought I would ever see these two things in the same sentence. Bitcoin and UBI. Universal basic income, to me, in my limited understanding of it, seems like some New World Order stuff. That seems like some New World Order stuff. That seems like all the jobs got replaced with AI and robots, and now you just want to you know, make everybody reliant on the government and hand out basic income. Now there is benefits, and I want to give a shout out to Arika Rhodes. She, uh, she was giving some very good insight on— she's a congressional candidate in the US— she was given some very good insight on the positives of UBI. And, um, apparently, um, Dorsey said we're about to test a UBI-like concept with Bitcoin. When you have something like Lightning Network where you can transact at very low fees, it's a benefit for everybody. This was super interesting. It was a good talk. Moving on, we have the Flare CEO updating us on the, um, the Flare airdrop. He says, for all of those asking where their Flare is, we are upgrading Songbird before the end of March 2022. Wow. With the final two protocols required before the Flare launch, This will then allow us to proceed to the Flare launch. A full roadmap to the Flare launch will be released in the coming weeks. I'm looking forward to that. We have Zuckerberg, we have Zuckerberg telling the Meta employees to zero in on video because they're up against an unprecedented level of competition from TikTok. Facts, and you're gonna lose, Facebook. You're gonna lose, Meta. You're gonna lose, Zuckerberg, reptile leader, overlord robot. You're gonna lose, buddy. It's China's time. It's TikTok. TikTok is gonna win. I can predict it right now. So yes, start urging your employees to do better, bro. Moving on, Blockworks. Last thing we're covering: Saudi Arabia. Saudi Arabia will invest $1 billion in the metaverse. Okay, very insane. $1 billion. I don't know where they got this. Blockworks does not like to provide any links in the comments. Like, okay, did somebody tell you this? Some homeless man on the street told you that Saudi Arabia is going to invest $1 billion? Like, where's the context here? I don't even know. Interesting. Maybe if we Google the headline real quick. Boom. Yep. Oh, oh yeah, right here. Al Monitor: Saudi Arabia to invest billions in metaverse blockchain tech. Very cool. Um, dope. So that is what we've got for the daily market update. I hope you all enjoyed. Make sure you follow on Twitter, Instagram, join the Telegram group. I love every single one of you, and goodbye.
