Shure Microphone Muted Automatically

Whenever I select my Shure MV5 microphone as the input device it automatically mutes the mic (within the mic itself, not the macos sound settings). I have no idea why or how to fix it. Doesn’t happen in any other app that uses it as input, just Audacity. I tested the same mic in my linux audacity and had no problem, so it seems to be an issue with this particular mic in macos audacity! Any ideas?

Short video of the situation:
https://youtu.be/e4zUDqN8l1E

BTW, I’m on Big Sur 11.6.3