Had this exact issue last summer with my Multiplus II on the static. Would hit absorption for maybe 20 minutes then just drop straight to float with the batteries nowhere near full — Fogstar Drift LiFePO4s showing around 80% on the BMS app.
Turned out to be a combination of two things:
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Tail current set too high — the Multiplus was seeing the charge current drop to what it thought was "battery full" level, but that was just the BMS doing its balancing thing. Dropped the tail current percentage right down in VictronConnect and it made a massive difference.
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Absorption time was fixed rather than adaptive — worth checking which mode you're running. Adaptive absorption adjusts based on how long bulk took, which generally gives better results with lithium.
Worth also double-checking your battery voltage thresholds are actually matched to your cells. Some of the default LiFePO4 presets in VictronConnect are a bit conservative and don't reflect what your BMS is actually happy with.
Do you have a Cerbo or any kind of GX device in the system? If so, are you running DVCC? That can sometimes cause odd behaviour if the BMS and the Multiplus are effectively fighting each other for control — had a weird week troubleshooting that before I realised DVCC was partially enabled but not properly configured.
What batteries are you running and what does your absorption voltage sit at currently? That'd help narrow it down a bit.