Alt Season Proxy Indicator

Use that formula: 1/((CRYPTOCAP:USDC+CRYPTOCAP:USDT)/CRYPTOCAP:TOTAL)

• When prices go up: Alt season
  
• When price goes down: Alt recession
  

Let's break it down:*CRYPTOCAP:USDC: This represents the market capitalization of the US Dollar Coin (USDC) in the cryptocurrency market.*CRYPTOCAP:USDT: This represents the market capitalization of the Tether (USDT) stablecoin in the cryptocurrency market.*CRYPTOCAP:TOTAL: This represents the total market capitalization of all cryptocurrencies.The formula itself is calculating the reciprocal of the ratio between the combined market capitalizations of USDC and USDT and the total market capitalization of all cryptocurrencies.