Yup, he is referring to the April 13th top in '21 that saw a 56% correction which was then followed by a 140% rally to new ATH a few months later.
Once again, a perfect example of why % drawdown should NOT be used as justification to say "the cycle top must be in".
Time and time again Bitcoin has shown you that 20-40% corrections in the middle of a HTF bull cycle are literally the NORM, but every time we get one people rush to say that this level of drawdown means the cycle top is in, despite there being many, many instances, where this was simply not the case.
$BTC

Do you remember the 2021 Bitcoin bull run?
First peak (April 2021): $64,000–$65,000
Summer low (July 2021): $29,000–$30,000
Second peak / new ATH (November 2021): $68,789
That's roughly a 53–55% drawdown in the middle of the bull run before it recovered and made a new

Plan C

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Daily market data review and trend analysis, produced by PANews.
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