What's the deal with the CV of STAR WARS™: Squadrons?

-95% are commonly the cut and a game get set to reduced (= 15%) cv.
In a few cases the decissions pick a lower -9X% but always above -90%. So in general is all safe till, at least, -92%.

[Cases excluded where some region prices are lower AND a lot of GAs get created to exploit this situation (mostly with accounts that abuse a very cheap region store but the owners of that accounts live in more expensive countries).]

Of course are the prices not only checked on steam and grey market offers are, very often, much cheaper and the reason for the reduced cv.

Yes...probably moderators don't always look at which keys are included in the bundle.

"Games typically receive no value or reduced value when they're featured in bundles, heavily discounted, or available for free in online promotions."

Yeah, I don't know the exact rules on it, but basically, if the price of the game is discounted so much that it's roughly the price per game of a bundle, it will get flagged as reduced CV. I've only seen it happen with games that have a high base price, so I'm pretty sure it's percentage-based (Squadrons was 95% off at one point). The idea is to prevent people from buying a game for $1 but getting CV as if it's a $60 game that's never been bundled