Thank you for your response!
Here are my OBS recording settings. Are any of these unsuitable for 10-bit? I'm still a bit new to this. (Have changed the settings to MKV video format in the meantime.)
I did notice that using the 10-bit P010 color format significantly improves the footage, particularly with regards to colour banding (e.g. sky footage). The improvement is visible both when watching the video on Desktop or uploading it on Youtube. Therefore, I would not want to go back to 8-bit.
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With some experimenting, I did find a workaround. Instead of recording in MP4, I now record in MKV and then run the footage through another program called Videopad, where I export it with maximum settings as an MKV video file. I then load this file into Davinci and render it as a MOV file which works perfectly fine, and I'm getting a clear 10-bit file rendered by Davinci without colour distortion. Not sure why this works, but it does.
But in the long run, I would like to avoid this workaround, so if anyone has an idea whether anything with my recording settings is suboptimal, please let me know.