10x Research: Token Rebound Partially Driven by Spot, Altcoin Performance May Outperform Bitcoin Going Forward

**December 10 Update: 10x Research Flags Potential Altcoin Leadership Shift** 10x Research shared on social media Tuesday (Dec 10) that Bitcoin’s dominance is declining while fresh liquidity is reentering the market—a turning point that typically signals altcoins may take the lead. Following nearly three months of the model favoring BTC, the latest signal points to a potential shift in market momentum. Ongoing stablecoin inflows are quietly rebuilding the risk-on capital base, though trading volume remains below cycle peaks. Some token rebounds are led by spot trading (not leverage), making this rotation healthier than prior false starts. Meanwhile, platforms with active perpetual futures trading still lag—suggesting overleveraged positions are being unwound in those areas. If this shift holds, top performers likely won’t be the most hyped assets. Instead, they’ll be those that’ve been accumulating quietly under the radar.