I also suspect that a lot of those entry level positions with walls of text for requirements are intentionally made to intimidate people from applying to reduce the pool of applicants they have to sort through. And if you're the type of person that is intimidated by job postings, you are probably not the steel-jawed Chad the HR girls want.
Fully agree, a lot of people get intimidated by the job requirements and don't apply. Some of the job descriptions out there are ridiculous. HR is looking for unicorns and then lowball hard on the salary. With 1 or 2 years of experience you should be applying for senior positions asking 5+ years. Companies nowadays prefer to hire and train a young rookie rather than a middle aged dude who will ask for 3 times the money.
Guys who have their shit together and a solid CV are not checking job ads, they are being chased after by headhunters and/or have connections. The big money is to be made when they need someone urgently and you are recommended.