I gave away over $100 but still level 1

Because there's like $18 in CV there.

If you put your mouse on your profile, where it says you have given up $122.94, you will see "Contributor Value $18.44".
That's the number that counts for your level
(basically, free games count $0, and bundled games count for 15% of their value)

Most are bundled games and get reduced value (15% of what game is worth).

Taken from SG FAQ.

What are "No Value", "Reduced Value", and "Full Value" giveaways? How do they affect my overall contributor value?
When creating a giveaway and selecting a game, you'll notice "No Value" games are marked with a double asterisk (*), and "Reduced Value" games with a single asterisk (). If you hover over those icons, you'll see the effective date for the value adjustments. For example, if a game is marked with a single asterisk (*), and hovering the icon shows "Reduced value since January 4, 2018", this would mean giveaways created for that game on January 4, 2018 or later will receive reduced contributor value. Games typically receive no value or reduced value when they're featured in bundles, heavily discounted, or available for free in online promotions. Their values are adjusted this way to better represent their true value. Keep in mind, the asterisk icons are just for reference, and the value of a game can be backdated if we need to make retroactive changes.
Games fall into one of the below three categories.
No Value:
No contributor value when given away after the effective date.
Reduced Value
15% contributor value when given away after the effective date.
Full Value
100% contributor value when given away.
If you visit your profile, you can see a breakdown of your previous giveaways. If you hover over the "Gifts Sent" number on your profile, you'll see the number of gifts you have given away in each category.
For example, you give away three games. Game A is $10.00 and it has no value. Game B is $20.00, and it has reduced value. Game C is $50.00 on Steam, and it has full value. Once your giveaways have ended and the gifts have been received by their winners, you will see the updated values on your profile. In this case, you would see "Gifts Sent: 3 ($80.00)". This would show that you have successfully given away 3 gifts, and their current list price on Steam is $80.00 in total. If you hover over the number of gifts, you would see you have one "No Value" gift, one "Reduced Value", and one "Full Value". If you hover over the dollar value, you would see you have a contributor value of $53. It would be calculated as 0% of the gift with no value (0 x $10.00 = $0.00) + 15% of the gift with reduced value (0.15 x $20.00 = $3.00) + 100% of the gift with full value ($50.00).

FAQ

No Value:
No contributor value when given away after the effective date.

Reduced Value
15% contributor value when given away after the effective date.

Full Value
100% contributor value when given away.

All your given games are bundled, so only worth 15% of their USD price.

I get it now, thanks guys

"Heavily discounted" means 95%-99% discount gives reduced value, as well as certain exceptions when a bundle is unbalanced. For example, Dark Souls III gives full value but some games from the same bundle (including Aviary Attorney) give reduced value. I hope this adds some extra clarity :)

If you want the breakdown per game, you can see it here:
https://www.sgtools.info/sent/redoctober45

You are really close to level 2 though.