Two things about the bar and histogram display.
The gray bar spans 80% of the histogram “surface”. Your example has a fairly long “tail” towards the shadows, and a larg peak in the light areas. So the gray bar will cover most of the light areas, but “ignore” the shadow part.
Now, exactly how much of the histogram the bar should cover can be discussed, but 100% coverage doesn’t work in practice.
E.g. xtreme highlighs, like lamps, would throw off the bar in an impossible way: “tone equalizer” comes before filmic in the execution pipeline, so channel values are not restricted to the interval 0…1 yet. That means extreme highlights could end up at values of 3, 4, … with the rest of your image nicely in the 0-1 range.
Noise is also a problem: in the shadows, small intensity variations can give large variations in EV. And noise is just that, small intensity variations. So you could end up with very low EV values (far outside the useful range of your image).
In addition, the lightness scale in the tone equalizer is linear in EV, that means exponential in lightness (each EV doubles the physical lightness). This ‘favours’ the shadows, and more or less mirrors human perception. The image histogram at the top of the right sidebar is linear in lightness, which favours the hightlights and corresponds to the actual light energy.
So forcing the mask or an indicator to cover 100% of your image at this point in the pipeline is just plain bad.
Since you can see the mask overlayed on your image (“display exposure mask” at the bottom of the tab), you should still have a good idea how the mask coverage is, and how well suited to your purpose. The mask is a tool here, not the final result.
And how often do you really target the whole tonal range with the tone equalizer? There are simpler tools to adjust global contrast…