Strange flickering after entering wounded state

I was in a match just now, and after getting downed once, the screen started flickering.
First it was just the health bars and then I also noticed it on some ground textures and particularly the water.

The effect persisted until I restarted the game.

I’m on a Windows 10 PC using a GTX 1080 Ti with driver version 451.67

Here’s a short video.

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