I wrote about it a while ago, in the meantime i found out its not related to the mouse software as it happens on diff mice too.
https://www.reddit.com/r/DestinyTechSupport/comments/emb9hh/possible_logitech_ghub_issue_with_the_game/
Posted on the forums 8 months ago as well, https://www.bungie.net/en/Forums/Post/254899876
it was confirmed by some players, but no official word. It still happens on different occasions and I managed to reproduce one occasion it happens 100% of the time in both PVE and PVP, even in menus too (for me at least). You can see the issue here, look at the mouse overlay:
https://streamable.com/f613l7
Can someone confirm it happens to them as well please?
It also happens randomly for me many times during PvP games. I hope this issue gets acknowledged and investigated so it can get fixed in the future patches.