What is a cryptocurrency market correction?

Reading various online forums, people write all the time that they are waiting for bitcoin to be corrected. I understand that the correction means drops, but is there any specific percentage decrease that must be there for this so-called? "adjustment"?

Reading various online forums, people write all the time that they are waiting for bitcoin to be corrected. I understand that the correction means drops, but is there any specific percentage decrease that must be there for this so-called? "adjustment"?

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