This is my moto edge 20. I tried it on edge 20 pro & G71 as well but 5G only option is not there. I also have LG wing which also shows the same 3 options. I guess it's just like this until the phone detects 5G wireless signals.
It was just a bit heavy for me + I was a bit nervous whenever it was in my pocket due to swivel screen. Although it fell many times till now without any damages but still back then I was unsure. You know I was about to go with OnePlus 9 pro that time but my mood changed. I'm really glad because later OnePlus got injected with Oppo's blood. Got my edge 20 in December and used it a while. It was amazing so also got it's brother Edge 20 Pro in March and it's been flawless since then. Although I'm jealous with the upcoming edge series and it's rear camera module design. But apart from it everything is great in my phones. Just waiting for those 5G bars to show up on my screen 😁.