Water texture is not being rendered when viewing from a certain player height

The bug

When looking at a water block which has a frogspawn on top of it, the water texture isn't rendered when viewed from a certain angle. This happens when you come from underneath the y-level of the frogspawn.

How to reproduce

1. Place down some frogspawn on water.
2. Go to into the water on the side of the frogspawn.
3. While looking at the top part of the frogspawn slowly swim upwards.
4. The water texture is not rendering when the player is within a 0 to 0.2 block height difference of that of the frogspawn.