Humans can’t actually sense the lack of oxygen in our bodies when we hold our breath or dive under water etc. That horrible feeling of lacking oxygen is actually our bodies detecting the rise of carbon dioxide. Our bodies can sense that.
Are we allowed to do fact checks? Partially true.
Most people sense rising CO2 as their stimulus to breathe so what you’ve said about diving is true. But we do have receptors for hypoxia (low oxygen). They’re just not typically activated in normal physiology. However, some people with severe chronic airways disease (COPD) become desensitised to the (chronically high) CO2 and do rely on oxygen, at least partially, to sense the need to breathe.
My fact: If you take all the blood vessels in your body and laid them end-to-end