Snoop Kakapo

This is happening everywhere.
It is not related to a specific seed or coordinates.

This does not happen horizontally or vertically. It's happening only obliquely.

Hello,

the issue still persists in latest version v1.16.40 (xbox one x).

Steps to Reproduce:
1. dig the long stairs downwards
2. go up and down, look down

Observed Results:
At a certain distance, the whole chunk starts to disappear (you can see in the attached video)

Expected Results:
The chunk should not disappear, it only happens in the vertical direction (you can see in the attached video).
This issue does not occur horizontally.

Thanks you.