ChainCatcher news, GSR analysts point out that Bitcoin's unpredictable price fluctuations are still primarily driven by market sentiment rather than fundamental factors. The monetary policies of the Federal Reserve and the Bank of Japan are worth noting, and the upcoming economic data or market information from the U.S. is also worth paying attention to, as the U.S. is moving towards a soft landing, which GSR believes is a positive catalyst for cryptocurrencies.Another factor that may put pressure on Bitcoin is the potential sale of nearly 69,000 Bitcoins (worth about $4.2 billion) by the U.S. government, which were seized from the Silk Road market.GSR analyst Brian Rudick warns investors not to overlook the potential impact. "This could create some downward pressure on the market." Additionally, market observers are now focusing on four key factors that could influence Bitcoin's price: the U.S. elections, central bank monetary policies, the U.S. economy, and the U.S. government's potential sale of Bitcoins seized in the Silk Road case.