Can someone tell me what this iCloud Drive status means? I don’t appear to have any synchronization issue and yet, the icon seems to indicate the opposite. A special thanks to Apple here for the obscurity of their UI. 🫤

I'm a compulsive creator (words, images, videos, podcasts). It's not always an easy journey, but it is a rewarding one. This podcast is all about sharing some thoughts about my experience as a creator.
Can someone tell me what this iCloud Drive status means? I don’t appear to have any synchronization issue and yet, the icon seems to indicate the opposite. A special thanks to Apple here for the obscurity of their UI. 🫤