According to Michaël van de Poppe, a likely breakout in gold prices could intensify downward pressure on altcoin markets, as August historically performs poorly for risk-on assets. He notes that these periods often present accumulation opportunities for traders, as market lows tend to be established during such downturns. This suggests that crypto traders should monitor gold's price action closely and prepare for potential volatility in altcoins, especially during August. Source: Michaël van de Poppe.