According to Michabel van de Poppe, gold is nearing a decision point that will determine risk-on versus risk-off positioning, and a downside break in gold would be a bullish signal for altcoins to move sharply higher; source: Michabel van de Poppe on X, Aug 16, 2025. He emphasized that if gold breaks down, altcoins could see a large leg up, making golds direction a key rotation cue for crypto traders; source: Michabel van de Poppe on X, Aug 16, 2025.