I think you're misunderstanding the graph. Account updates are things like changing your password (due to being hacked). You want to look at things like posts, comments, edits, deletes. Although even those charts are quite noisy because bots can do all of those things with unlimited attention.
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Really? Then what's the chart for recovery requests? I thought the account updates per day was referring to how many people are updating a post a day.
The chart of recovery requests is what it says it is. Recovery requests and account updates (which includes key changes) are not the same thing in this case.