See attached screenshot.
Seed: 2471375372774434640
/execute in minecraft:overworld run tp @s 721.71 25.74 60.22 -49.05 9.15
Potentially the same issue as, or related to, MC-7200.
Related issues
duplicates
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affects 20w12a
Can confirm in 20w51a using the provide seed and coordinates.
Relates to MC-125033.
Can confirm in 21w05a using the provided seed and coordinates.
Can confirm in 21w07a.

Attached another screenshot of this occurring in 21w08a
Seed: 242567799
/execute in minecraft:overworld run tp @s 908.56 -2.74 -1475.89 -1856.65 49.80

This seems to be a duplicate of MC-125033.
In both examples the caves are cut when next to an ocean chunk.
I created world files with the same seeds but with a single biome (so there are no oceans), and the caves continue generating.
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