Arthur Hayes, founder of BitMEX, has forecasted a short-term correction in Bitcoin prices, citing a decline in global U.S. dollar liquidity. Hayes points out that the previously strong support from ETF inflows and corporate treasury purchases has diminished, potentially impacting Bitcoin's price stability. Despite the anticipated correction, Hayes remains optimistic about Bitcoin's long-term prospects. He suggests that once market conditions improve and liquidity injections occur, Bitcoin could rally significantly, potentially reaching between $200,000 and $250,000 by the end of the year.