May relate to MC-261324 as it also can cause the popping animation to reappear.

The bug

The sprite known from 23w31a onwards as "gui/sprites/hud/air_bursting.png" can appear when the player exits water as the air bar refills. This is not expected behaviour, as this icon is intended to show a bubble popping, and should only be displayed when losing air, not gaining it.

How to reproduce

1. Enter water in Survival/Adventure/Hardcore, etc.
2. Remain within for enough time
3. Exit the water
4. Keep an eye on the air bar

Expected results

When bubbles regenerate, they should do so instantaneously with the normal full "bubble" icon.

Actual results

In some cases, the "popped" bubble icon can be seen when the air bar refills.