<ul data-eligibleForWebStory="false">Bitcoin surged above $123,000 due to ETF inflows and global market risk-off sentiment.Over $459 million in shorts liquidated in 24 hours as volume spiked, showing traders’ confidence.Despite the high momentum, BTC funding rates stay low, signaling a stable rally with room for continued upside.Bitcoin eyes $127,000 next, with technical analysis suggesting potential momentum but a possibility of temporary stalling.