ORP drops because h202 is not oxidizer but a reducing agent. Acids are oxidizers. This misconception comes from this old way of thinking "The term oxidation was first used by
Antoine Lavoisier to signify the reaction of a substance with oxygen. Much later, it was realized that the substance, upon being oxidized, loses electrons, and the meaning was extended to include other reactions in which electrons are lost,
regardless of whether oxygen was involved."
H202 is donor of electrons, so reducing agent. Acids - hydrogens, pick up electrons, so they are oxidizers.
Rusting involves acids, which is also oxidation process..
I also propose to read science about grounding, how body picks up electrons from Earth and restores Zeta potential of erythrocytes - their negative charge and they start to repel eachother again
https://www.groundology.pl/badania-naukowe
same deal with alkaline water, it is source of electrons that makes red blood cells repel
Yet here is some other explanation that apparently it can be both, oxidizer and reducing agent
Previous sections have looked at common oxidizing and reducing agents. This section investigates substances that can act either oxidizing or reducing agents.
chem.libretexts.org