Why does the chromaticity diagram look like that?

Kinda related, but does someone maybe have a good set of links to help understand what HDR actually is? Whenever I tried in the past, I always got lost and none of it was intuitive.

There’s so many concepts there like: color spaces, transfer functions, HDR vs Apple’s XDR HDR, HLG vs Dolby Vision, mastering displays, max brightness vs peak brightness, all the different hdr monitor certification levels, 8 bit vs 10bit, “full” vs “video” levels when recording video etc etc.

Example use case - I want to play iPhone-recorded videos using mpv on my MacBook. There’s hundreds of knobs to set, and while I can muck around with them and get it looking close-ish to what playing the file in QuickTime/Finder, I still have no idea what any of these settings are doing.