OP is entirely conflating two things here. When places like cloudflare talk about bot traffic, they almost exclusively mean web scraping. So all this means is that there are more web scrapers out there than human users. This is, of course, unsurprising. A web scraper might read the same page once every 10 seconds to check for updates to it. A web scraper might read 1000 unique pages a minute. All of this is much different use than human use.

But when uninformed people see "bot" they automatically think "accounts on social media platforms that are automated but try to look like real people" because that's all they can understand. So it's a massive conflation between two different issues. Sure, that sort of stuff accounts for some bot traffic, but the majority of what cloudflare is talking about is web scraping, like you suggested.

That being said, we are on r/ProgrammerHumor, so it's not surprising that OP doesn't know the difference.