I'm tired of hearing the phrase "toxic masculinity" because it is nothing but a thinly veiled slur on men. Not all men are masculine and not all who are masculine are men. But heterosexual men still get treated better than gay men, heterosexual men get away with stuff gay men would never be able to get away with in a million years, gay men are still vilified, dehumanized and viewed as less than manly for expressing any kind of emotion, and we are expected to kowtow to heterosexuals at all times or risk being deemed a "threat." Those days are over.
It is not masculinity that is toxic. Masculine men are hot. Masculine men are sexy. Masculine men make me want to have sex with them. Femininity in men can be beautiful up to a point, but a little goes a long way. Nevertheless, feminine men are still MEN and real men recognize the butch/femme dichotomy as an inherently false one that is prejudicial in intent and effect.
No, in reality it is heterosexuality, or at minimum the expectation of mandatory heterosexuality or at least some form of bisexuality, that is toxic. Heterosexual women may get shit from men, independently of sexual orientation, for being women, but they still get privileges lesbians and gay men don't. They get the same privileges the heterosexual men they constantly bitch about get. They get put on a fucking pedestal, a pedestal often designed and built by gay men, and a whole political movement for them and them alone, and still that's not enough for them. There is a war on men and it is a proxy war on gay men.