🚨 10x Research: BTC advantages are declining, real liquidity is back – altcoins may lead the market

10x Research's latest analysis provides a very critical turning point signal:

➡️ Bitcoin's dominance is declining + fresh liquidity is returning → altcoins may take the lead.

Historically, this often means:

Risk preference shifts from 'value traps' to 'growth tracks'.

📉 1️⃣ Bitcoin dominance declines: preference begins to shift

The model has favored BTC for three consecutive months,

but the latest signal shows the market direction is reversing.

When BTC.D declines and market funds shift from stable assets to high Beta assets,

the pattern of past cycles is:

➡️ Altcoin Season often starts from here.

💧 2️⃣ Stablecoin inflows rebuild the 'venture capital pool'

10x points out:

• Continuous net inflow of stablecoins

• Indicates funds are returning on-chain

• This is one of the prerequisites for the altcoin market

Although trading volume has not yet recovered to peak levels,

the 'underlying liquidity' has been silently rebuilt.

📈 3️⃣ This round of rebound is driven by spot, not leverage

This is a very important signal.

Past false starts often came from excessive leverage + short squeezes,

which made the funds unreliable, thus weak sustainability.

This time:

➡️ The rebound of certain assets is driven by spot buying,

indicating that real money is entering the market, rather than derivatives speculation.

🧨 4️⃣ Perpetual market lagging: leverage is being washed out

Platforms with active contract trading are performing weakly,

indicating:

• Over-extended positions are being liquidated

• Leverage bubbles are being squeezed out

This leaves room for healthier upward movement.

🎯 5️⃣ The next winner: not the loudest, but the 'quietly accumulating'

10x's most critical statement:

If this rotation is real, the strong coins will not be those making the most noise in the market, but rather the assets that are being quietly accumulated.

This means:

• Low liquidity but with fundamentals alt

• Platform tokens, ecological leaders

• Altcoins in structurally low accumulation areas

all have the opportunity to become the next main line.

📝 In summary

BTC funds begin to spill over, stablecoins flow back, spot buying leads the rebound –

these are all typical preludes to altcoin season.