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
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