Why this recorded 32 bit audio's waveform is strange

[Rockman413]

Project is in 32 bit depth. I turn the 1st audio all the way up +36db and record into the 2nd audio track, and that "Audio 1_03-01" is the recorded 32 bit audio. I clip gain -32.9, and play it back, it does not clipping or distorted thanks to the 32 bit audio. But why the waveform, left and right is identical? Even the meter shows left and right and different and always changing like a normal stereo file.