Too many BLE events to process. Some devices may not show up

I have been having trouble with getting an ethernet BT Proxy consistently connected to a compatible BLE LED Light. When setting the logger to VERY_VERBOSE the only thing of significance I see in the logs is this →
[W][esp32_ble_tracker:121]: Too many BLE events to process. Some devices may not show up.

Currently the proxy is located just inside the house next to a window and the BLE LED light is about 6 feet away just outside the window. I did have this working briefly for a few days but it has since fallen off the connection and I have been unable to get it restored.

Is this message indicating that there are too many BLE devices trying to connect to this proxy? If so, are there any steps I can take to resolve it? Is it possible to link the specific id directly to the proxy so that it looks for it to connect?

I actually have the another ethernet proxy connected to the exact same light at a different location outside the house and it works great. I’d really like to understand why the first one is unable to stay connected and if there is any way to get it to work.