This was a constant since not long after caves were actually implemented, but now we get exposed bedrock instead.
Implemetation of a "local lava level" (perhaps better called a "magma chamber") system could be considered as a method of fixing this.
This also means that patches of obsidian/magma blocks when underwater sections of caves reach lava level currently no longer generate. While the removal of the underwater caves/ravines that generate these was intended the generation of this layer may not have been.
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Because noise caves generate normal air instead of cave air, and lava can only replace cave air. ([MC-216837])
Not intentional, see this tweet https://twitter.com/henrikkniberg/status/1359564082110746625