This all started long ago. There's some statistic that the vast majority of security professionals don't have any credentials. Not even a university degree. That the sole and only way to reliably hire security professionals is to not look at credentials at all.
>I'm seeing job postings requiring 6+ certifications costing 1000's each.
They don't realize that skilled security professionals aren't bothering with any certs. Why would we? Work experience >>> certification, always has been for all IT fields. Certifications are about entry level positions. It's not like security pros are sitting at home unemployed thinking 'if only I had some certification then I'd be employed.' No, there's a ridiculous security pro shortage.
So why do employers list all-of-the-certs? They need people so desperately that they'll take anything.
It's about to get worse as well. The governments who realize a cyberwar is ongoing are all spending big into cybersecurity and building cyber armies. Meanwhile insurance seeing this reality is making the exception of 'nation state attacks'.
Want my advice? Get the certs you think that will develop your personal skills the best. Apply to the jobs ignoring any cert requirements. You'll probably end up getting the job anyway.