diff --git a/packages/svelte/src/internal/client/runtime.js b/packages/svelte/src/internal/client/runtime.js
index 227203523e..188d16a820 100644
--- a/packages/svelte/src/internal/client/runtime.js
+++ b/packages/svelte/src/internal/client/runtime.js
@@ -61,6 +61,9 @@ import { without_reactive_context } from './dom/elements/bindings/shared.js';
 import { set_signal_status, update_derived_status } from './reactivity/status.js';
 import * as w from './warnings.js';
 
+/**
+ * True if updating in an effect context that is reactive (i.e. not branch/root effects)
+ */
 let is_updating_effect = false;
 
 export let is_destroying_effect = false;
@@ -444,7 +447,7 @@ export function update_effect(effect) {
 	var was_updating_effect = is_updating_effect;
 
 	active_effect = effect;
-	is_updating_effect = true;
+	is_updating_effect = (flags & (BRANCH_EFFECT | ROOT_EFFECT)) === 0; // Branch/root effects are not reactive contexts
 
 	if (DEV) {
 		var previous_component_fn = dev_current_component_function;
diff --git a/packages/svelte/tests/signals/test.ts b/packages/svelte/tests/signals/test.ts
index 927ce2e665..07f79bd395 100644
--- a/packages/svelte/tests/signals/test.ts
+++ b/packages/svelte/tests/signals/test.ts
@@ -1503,4 +1503,22 @@ describe('signals', () => {
 			assert.deepEqual(log, ['inner destroyed', 'inner destroyed']);
 		};
 	});
+
+	test('derived read in an untracked context should not leak in deps reactions', () => {
+		return () => {
+			let s = state('hello');
+			let a = derived(() => $.get(s));
+			let b = derived(() => $.get(a));
+
+			let destroy = effect_root(() => {
+				$.get(b);
+			});
+
+			destroy();
+
+			// a was spuriously added to s.reactions via is_updating_effect
+			// even though the entire derived chain was read in an untracked context
+			assert.equal(s.reactions, null);
+		};
+	});
 });