Cannot move diagonally while sneaking in cobwebs on soul sand while drawing back a bow at excessive coordinates

Place soul sand down, place a cobweb on top of each block of soul sand, then walk through the webs diagonally in a direction away from (0,0) while sneaking and drawing back a bow.

The player will walk diagonally as one would expect when close to the origin of the world, but if done so after 32767 or below -32768 on both the X and Z axes, either the player will completely stop moving, or will be confined to movement on a single axis instead of the direction the player is facing.

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^{Update by [Mojang] Mega_Spud (Jay Wells):}

Repro Steps:

1. Start a new world
2. Teleport using command: /tp -32800 ~ -32800
3. Punch a 2x2 hole in the ground
4. Place down four soul sand blocks with cobwebs on top
5. Equip a bow and arrow
6. Shift to sneak, and draw the bow and hold
7. Now walk backwards diagonally through the cob webs (hold A and S, or move joystick to bottom left)
8. Take note of the direction of movement

Observed Results:
You are unable to walk diagonally, but can only move sideways or straight back.

Expected Results:
The diagonal movement should not be hindered when travelling large distances.

Screenshots/Videos attached: Yes

Notes: