Probably because confidence it's really low, so Google it's not confident to apply any variation.
- Choosing the winner of your experiment
Over time, you should see either the original ad setting or the
variation outperform the other. To help you decide the right time to
choose your winner, we calculate a confidence score for the two
settings. This score indicates how likely the original or the
variation is to be the better performing (e.g., the highest earning)
setting.
We recommend that you wait until one of the scores reaches at least
95% before you choose that setting as the winner. When a setting has a
95% confidence score it means that we are 95% certain that that
setting is the better performing of the two.
You can read more:
https://support.google.com/adsense/answer/6321879?hl=en
I suggest also this page:
https://support.google.com/adsense/answer/6321909
When you're choosing the winner of your experiment, we encourage you
to consider the Overall Change as well as the revenue (RPM) and the
relative Quality Score. The Overall Change equals the change in RPM
plus the change in Quality Score of the variation. In general, a
positive Overall Change will result in better long-term performance,
even when either the RPM change or the Quality Score change is
negative. In situations where the RPM and the Quality Score point to
different winners, a positive Overall Change can help you to make a
final decision.