I think the creepiest thing is Apple's complete silence one the issue.
On a side note, I noticed my watch 7 is finally reaching the end of each day with some satisfactory 70-ish% of the battery.
I'm turning the display always on to see how it behaves today. When it first arrived, this wasn't a major drain on the battery.
But I'm also turning OFF several apps/notifications when the wrist is down (only now I noticed I can select them individually).
My brother has a series 5 which he didn't use for some time during the pandemic and then went back to using it and he noticed the battery drain immediately. Of course he had some watchOSs to catch up with when he started using it again, so I can only speculate if one of the updates affected his watch.
At the same time, I think some update also fixed the same issue on mine. Maybe it's this complete contradictory and random behavior that's making Apple silent on this.