exactly - it's entirely contextual and usually modified by the leading word (it's pretty clear that "dog c*nt" and "sick c*nt" mean different things)

while there's a question as to whether a gendered slur should have became a catch-all swearword, the moron redditors who literally do not go outside (and usually are yankoids anyway, not australian) get pointlessly defensive of it whenever anyone suggests that you actually need to engage your brain and consider context before saying it