Distance to 'Targeted Block' in the debug screen is too long

The bug

The debug screen information for block / fluid properties (and the 'looking at' coordinates) is showing unreachable blocks for the player (20 blocks away)

How to reproduce

1. Point the crosshair to an unreachable block (up to 20 meters away)

2. Open the 'debug screen' (F3)
   → ❌ Coordinates and information is showed about the block