Updated, now with a video showing the bug
Both. I got a bottle of honey as normal, but when i drank it, it played the eating sound (not the drinking sound) and particles were emitted, which i know doesn't happen when you drink something.
I found this out when swimming with my horse that i leaded, and noticed the lead was floating out of my hand. I play bedrock on a Xbox one and i last experienced this in version 1.19.60.
I have experienced this exact same bug once i think the bedrock update that added archeology and the sniffer was dropped.