Exactly the sound when taking damage, putting blocks, hitting a mob, receive damage and explosions. Sounds like walking lower it a bit, sounds like picking up items or experience do not affect it.
How to reproduce
Open a world
Turn up the ambience volume or music to the maximum (with music the change is more noticeable)
Don't move for a moment (This will bring the sounds back to their original volume)
Hit a mob or break a block
The ambient or music volume decreases
Note:
When I mention "decrease" I don't mean the sounds menu, I mean the in-game volume and it is most notable in the last snapshot for the new ambient sounds of nether biomes, where the experience is more affected
I was unable to reproduce this in 21w18a can you provide a video example or some audio examples of this happening.