Official comment
First and foremost, our drivers have not yet been validated for Big Sur compatibility. We're waiting on Apple to release the 11.2 update.
Second, the mic is available with inputs 11/12 - but the software isn't capable of recognizing those inputs, so you need an application like Loopback or SoundSiphon to re-route the audio from 11/12 down to 1/2 for the BUTT input. Blackhole doesn't (yet) support this remapping; it's been on their request list for over a year, but that's the nature of open-source projects. JACK used to be the tool for this but the GUI was discontinued when macOS forced the update to 64bit applications.
If you don't want to go the route of Loopback or SoundSiphon (both paid apps), you can consider using another audio interface to capture the master out from the DDJ.