Venice: flood or drought?

Tourists cross a bridge over a noticeably empty canal during a severe low tide in Venice, Italy.
Photograph: Manuel Silvestri/Reuters. Source: theguardian.com

what does the data say?

Sea level at Venice station is obviously lower in Feb 2023 compared with past 10 years.

Sea level at Venice station.
Red line represents 2023. Other lines are the past 10 years.
Sea level at Venice station.
Red line represents 2023. Grey line represents the average of past 10 years (2013-2022).