I've no idea why you think it doesn't make sense, when I comparing the average daily reported deaths from the peak in the first wave to the current situation.
These are the most up to date figures available, and the ones most people focus on, as they are the ones wildly reported in the media.
Sure they are not the actual date of death, but as we know from the excellent charts that elbows produces, it can take weeks for deaths reported today, to be allocated to the actual date of death. Even the ONS figures on date of deaths where covid is mentioned on the death certificate, which they publish with a 2 week lag, are marked as only 'provisional' at the time they are published.
The daily reported new deaths follow a very similar wave pattern as the graph showing the actual date of death, a comparison of the two* are on the government's dashboard. *Both being deaths within 28 days of being tested, whereas, as we know there were a sizeable number of extra covid deaths, where it's mentioned on death certificates, in the first wave that were only picked-up by the ONS figures, because of the lack of testing at the time.
In view of the record numbers in hospital, and despite better treatments, it is sadly clear the average daily reported deaths will be overtaking those in the first wave in the next few days. And, as we have not seen the massive recent increase in people testing positive, up almost 50% since the end of December, reflected in deaths yet, the number is likely to continue to increase, and even overtake the higher first wave total deaths reported in the ONS data, i.e. all cases where covid is mentioned on the death certificate, in the coming weeks.
Other factors also come into play, which are going to make the coming weeks grim, including us going into a milder lockdown later than in the first wave, hospitals being overwhelmed, massive numbers of doctors, nurses and carers being of off sick and/or isolating, and the increasing infection rate in care homes.