10x Research: Some token rallies are driven by spot, and altcoins may outperform Bitcoin in the future

ChainCatcher news, 10x Research posted on social media that Bitcoin’s dominance is declining, and fresh liquidity is returning to the market, an inflection point that historically often indicates that altcoins will take over the baton. After the model continues to show BTC preference for nearly three months, the latest signals point to a potential shift in the market performance landscape. Continued inflows into stablecoins are quietly rebuilding the funding base for risk appetite, although trading volume is still below cycle peak levels. Some token rallies are spot-driven rather than leverage-driven, indicating that this round of rotation is healthier than previous fake launches. At the same time, platforms with active perpetual contract trading continue to lag, suggesting that overextended positions are being closed in these places. If this turn is real, then the strongest performers may not be the most vocal concepts, but the assets that have been quietly accumulating in the shadows.