Locator waypoints can't be made visible across the whole map

The bug

Locator waypoints can't be made to be seen across the whole map. This is because the maximum and default value of the "Waypoint Transmit Range" and "Waypoint Receive Range" attributes is only 60 million, which doesn't take into account the diagonal length of the world.

Steps to reproduce

1. Teleport to a corner of the world.

   /tp 29999984 100 29999984

2. Summon an armor stand.

   /summon minecraft:armor_stand ~ ~ ~ {NoGravity:1b}

3. Run the following command so that the armor stand gets a locator waypoint of the maximum range.

   /attribute @n[type=minecraft:armor_stand] minecraft:waypoint_transmit_range base set 60000000

4. Make sure the chunk with the armor stand doesn't unload.

   /forceload add ~ ~

5. Teleport to -12000000 — the locator waypoint of the armor stand is still present, and the locator bar is visible.

6. Teleport to -13000000 — the locator waypoint vanishes, and with it the locator bar.

Expected behavior

Being able to set a waypoint being visible from the whole world, no matter its position.

Observed behavior

When placing the waypoint in the corner of the world, a considerable amount of the other corner can't receive that waypoint.