DeFi old-timers who see $EUL funding flow into the first 1% negative-fee rate band since 2025-10-13 probably won’t be shouting “everything’s collapsing.” It’s more likely they’ll be watching who’s paying the emotional tax. The shorts rush to pay to show their approval—this isn’t shorting; it’s the shorts paying the property fee for the longs… Now you’re looking at the direction, or how long this property fee can keep being paid?