As of June 16, 2023, the Bitcoin price is approximately $106,500, having risen about 0.5% in the last 24 hours. Despite the tense situation in the Middle East and mixed economic data from the United States, BTC continues to fluctuate at a high level, showing certain safe-haven attributes. The overall increase in May exceeded 10%, approaching the historical high of $112,000, with continued inflows of institutional funds. The market generally has a positive outlook on its long-term value, but short-term volatility due to macro risks still needs to be monitored.