The structure set too late
Very commonA cake rises while its structure is still soft and sets when egg proteins coagulate and starch gelatinises. If the oven is too cool, or the tin too deep for the temperature, expansion peaks well before setting and the risen batter has nothing to hold it. The centre falls, usually after the cake looks nearly done.
What to change
Bake hotter, or lower the shelf
Increase the oven temperature modestly, or move the tin to a lower shelf so the base receives more heat. Both bring protein coagulation and starch gelatinisation forward relative to the batter’s expansion.
Cakes that rise well and then sink in the middle. Not appropriate where the cake is already browning too fast at the edges, which indicates the opposite problem.
Trade-off: Too hot sets the outside before the centre has risen, producing a domed and cracked top.