diff --git a/packages/svelte/src/internal/client/reactivity/deriveds.js b/packages/svelte/src/internal/client/reactivity/deriveds.js
index 2a0e721fa5..c72fded0cd 100644
--- a/packages/svelte/src/internal/client/reactivity/deriveds.js
+++ b/packages/svelte/src/internal/client/reactivity/deriveds.js
@@ -1,4 +1,3 @@
-import { DEV } from 'esm-env';
 import { CLEAN, DERIVED, DESTROYED, DIRTY, MAYBE_DIRTY, UNOWNED } from '../constants.js';
 import {
 	current_reaction,
@@ -102,7 +101,7 @@ export function update_derived(derived, force_schedule) {
 		derived.v = value;
 		derived.version = increment_version();
 
-		mark_reactions(derived, DIRTY, force_schedule);
+		mark_reactions(derived, force_schedule);
 	}
 }
 
diff --git a/packages/svelte/src/internal/client/reactivity/sources.js b/packages/svelte/src/internal/client/reactivity/sources.js
index 233351c632..da713bcc01 100644
--- a/packages/svelte/src/internal/client/reactivity/sources.js
+++ b/packages/svelte/src/internal/client/reactivity/sources.js
@@ -10,7 +10,6 @@ import {
 	mark_reactions,
 	schedule_effect,
 	set_current_untracked_writes,
-	set_last_inspected_signal,
 	set_signal_status,
 	untrack,
 	increment_version,
@@ -95,7 +94,7 @@ export function set(source, value) {
 		source.v = value;
 		source.version = increment_version();
 
-		mark_reactions(source, DIRTY, true);
+		mark_reactions(source, true);
 
 		// If the current signal is running for the first time, it won't have any
 		// reactions as we only allocate and assign the reactions after the signal
diff --git a/packages/svelte/src/internal/client/runtime.js b/packages/svelte/src/internal/client/runtime.js
index d2f7d6a36d..126caaf90f 100644
--- a/packages/svelte/src/internal/client/runtime.js
+++ b/packages/svelte/src/internal/client/runtime.js
@@ -851,19 +851,25 @@ export function invalidate_inner_signals(fn) {
 
 /**
  * @param {import('#client').Value} signal
- * @param {number} to_status should be DIRTY or MAYBE_DIRTY
  * @param {boolean} force_schedule
  * @returns {void}
  */
-export function mark_reactions(signal, to_status, force_schedule) {
+export function mark_reactions(signal, force_schedule) {
 	var reactions = signal.reactions;
 	if (reactions === null) return;
 
 	var runes = is_runes();
-	var length = reactions.length;
+	var stack = reactions.slice();
+
+	var n = stack.length;
+
+	while (stack.length > 0) {
+		// top-level reactions are DIRTY, others are MAYBE_DIRTY
+		var status = n < stack.length ? MAYBE_DIRTY : DIRTY;
+
+		var reaction = /** @type {import('#client').Reaction} */ (stack.pop());
+		if (stack.length < n) n = stack.length;
 
-	for (var i = 0; i < length; i++) {
-		var reaction = reactions[i];
 		var flags = reaction.f;
 
 		if (DEV && (flags & INSPECT_EFFECT) !== 0) {
@@ -878,7 +884,7 @@ export function mark_reactions(signal, to_status, force_schedule) {
 			continue;
 		}
 
-		set_signal_status(reaction, to_status);
+		set_signal_status(reaction, status);
 
 		// If the signal is not clean, then skip over it – with the exception of unowned signals that
 		// are already maybe dirty. Unowned signals might be dirty because they are not captured as part of an
@@ -888,11 +894,12 @@ export function mark_reactions(signal, to_status, force_schedule) {
 
 		if ((flags & CLEAN) !== 0 || (maybe_dirty && unowned)) {
 			if ((reaction.f & DERIVED) !== 0) {
-				mark_reactions(
-					/** @type {import('#client').Derived} */ (reaction),
-					MAYBE_DIRTY,
-					force_schedule
-				);
+				// Push the derived reaction's reactions onto the stack with MAYBE_DIRTY status
+				var children = /** @type {import('#client').Derived} */ (reaction).reactions;
+
+				if (children !== null) {
+					stack.push(...children);
+				}
 			} else {
 				schedule_effect(/** @type {import('#client').Effect} */ (reaction));
 			}