10x Research: Some token rebounds are spot-driven, and altcoins may outperform bitcoin in the future

ChainCatcher reported that 10x Research posted on social media stating that bitcoin's dominance is declining, while fresh liquidity is returning to the market. Historically, this inflection point often signals that altcoins will take the lead in gains.

After nearly three months of BTC preference shown by the model, the latest signals indicate that the market performance pattern may be shifting. The continuous inflow of stablecoins is quietly rebuilding the capital base for risk appetite, even though trading volumes remain below the cycle's peak levels. The rebound of some tokens is driven by spot rather than leverage, suggesting that this round of rotation is healthier compared to previous false starts.

Meanwhile, platforms with active perpetual contract trading continue to lag behind, implying that overextended positions are being closed out in these places. If this shift is real, the strongest performers may not be the most hyped concepts, but rather assets that have been quietly accumulated in the shadows.