"Invalid move player packet received" when going above 30000000 on y axis

Duplicate of MC-123587!

WARNING: DO NOT DO THIS IN A WORLD YOU CARE ABOUT! YOU WILL GET LOCKED OUT OF YOUR WORLD!

Reproduce:

1. Run /spawnpoint @s 0 30000000 0
2. Die (/kill)
3. Respawn
->
Invalid move player packet received

Note 1: 30000000 (found in step 1) can be any number between 30000000 and 2147483647.

Note 2: If you edit your level.dat world file, you can edit your position. Allowing you to use the world once again.