Please don’t do this. If you see it done, please untie it if you’re able, and if you’re comfortable doing so report it to a member of staff.
Red alarm cords like this in disabled toilets and changing rooms (I believe this is only a UK thing) must be hanging freely and the end should be no more than 10cm off the floor.
If it’s tied up like this it can mean people in emergency situations, having had falls, seizures, or otherwise be in trouble can be delayed in getting assistance.
Having highlighted this a lot, I’ve learned these cords make some people nervous, like they’ll pull it accidentally or something and so they’ll move it where they won’t be at risk of it happening.
If that ever happens to you don’t move it out of the way! Just be aware of where the small orange button is in the room. It’s a reset button, it turns the alarm back off if it’s triggered. It’s also worth remembering that setting it off is not always a bad thing, it tests the protocols they have in place for such an emergency, if any.
If you find you see red emergency cords in disabled toilets/changing tied up or lifted off the floor a lot, you can get sent cards to attach to them to let people know of their importance. They’re free in the UK from Euan’s Guide. Applying them to cords can help spread awareness and ultimately let people get the help they need when they need it.