[iwontberude]

Yes it does. Once you tap that button Bluetooth will remain off.

[foundddit]

It absolutely does not. I've tried it countless times and my AirPods still drain overnight if I use the drop down disable. I've also disabled it that way and seen an "AirPods detected" message minutes later.

Apple themselves even says if you want to turn off Bluetooth, you need to do it through settings: https://support.apple.com/en-us/102412

[jq-r]

Yes, but only until the next day.