A detection threshold (also called a limit of detection) is the minimum relative abundance value at which taxa are called as "present" in compositional data. A detection threshold can be user-defined or determined empirically based on sequencing depth. Statistical techniques like YACHT allow for presence / absence calling with confidence scores without the need to determine or define a limit of detection.
Prevalence is the proportion of samples in which a particular taxa is detected given a detection threshold. As an example, consider this mock data for relative abundance of Bifidobacterium bifidum in 10 human fecal microbiome samples:
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