In the off chance you are suffering from anxiety may I suggest dropping by the lounge and tuning in the Women's World Chess Championship. It is going on from May 2 - 20 so you may be able to tune in the finale.

OK enough fooling around...
Your oxygen alarm may be triggered by an artifact that interferes with the reading and causes the level to drop. Do you have access to your SpO2 report to read the amount of artifacts being recorded?
Artifacts are generally caused by finger movement that disrupts the beam being read and the recording software doesn't know what to do so it sounds an alarm. However in this case the reduction is a result of lost signal and not a reduction of blood oxygen levels.