Once spawned, you move north on the map and somehow spawn in the center of the map. And random nether monuments end up on overworld.
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Not the portal, it has the new blocks from the update...I think it’s update 2.07, sorry I put version 1.16. I created a new world and this was there and in randomly starts glitching/lagging, and when I travel north to get out of my map, it doesn’t leave the location Icon on the top, it moves my location to the center. I did run into another smaller version of this “monument” outside the map. But when I create a new world it does the out of the map glitch and puts my location icon in the middle again. I yet to have found another one of these “monuments”. In both of these I found loot that had gold enchanted armor and iron nuggets and maybe enchanted weapon/tools.
The monuments you're referring to are a new feature of the Nether update and therefore not a valid bug.
The map issue is covered under MCPE-84830 so I'll close this one off as a duplicate of that.
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By Nether monuments, do you mean ruined Nether Portals?