Using 360º Color Solid as layered graphic causes issues
There's an old joke that goes:
Man: Doc, it hurts when I do this.
Doctor: Then don't do that!
This may be the answer to this issue.
I found that when using the 360º Color Solid as a part of layered graphics (sometimes) causes issues when dissolving to another clip. (Using a color solid is an old habit from FCP6.)
A complete demo of the issue here:
Mac mini, macOS 12.6