Water renders oddly under blocks when above y 100

Water from blocks beneath the surface are seen in the distance when you're flying above y 100. Affects both fancy and non fancy graphics. This is most obvious when flying near underground lakes. My render distance was set to almost max.

Steps to reproduce

• Create a world with seed: 762324470
• Teleport to /tp 1120 125 434
• Notice how in the distance, water renders oddly and can be seen from the surface when beneath ice and other blocks.