His statement doesn’t make logical sense but I understand the point he was trying to make.
It seems to me that logic is not your strong suit.
Saying "we are still in a dip", during the current pico top of a cycle requires a bit of mental gymnastics to fully make sense. If it was meant to be interpreted differently from the conventional understanding of a market dip, and being a hundredth of a percent from the ATH on CoinMarketCap certainly isn’t considered a dip to the majority of people, that's perfectly fine. Semantics aren’t really important as long as he got his point across.