How does the VXX really work??

Stocks have been crashing, war is breaking out, yet the VXX is near its all time low.

Can anyone explain how it works? back in March 2020 VXX sky rocketed.

Now it is as calm as ever. Why is it not sky-rocketing.

I know today was a good day, but still, the big picture is pretty bad and it should be somewhere high, no?

If anyone has technical analysis let me of how it works let me know.