I am in this position.
In the last few months I've submitted dozens of job applications for positions where, as articulated by another commenter upthread, the person writing the JD could have been writing it based on my resume.
15+ YOE, interesting work, promotions with progression of responsibility and impact, deep experience working with executives on the business side, side projects, volunteering experience, I speak multiple natural languages (I even tried applying for some "international" roles), etc.
0 responses apart from "we're going with other candidates". Not even so much as a phone screen.
Inbound recruiting stream has dried up as well. In 2017-2018 I was getting a dozen or more emails from recruiters weekly. Now I get maybe one a month, typically for C2H or a full-time role w/ at least a 20% pay cut.
I've shifted my focus to entrepreneurial work and sharpening skills outside of tech.