diff --git a/packages/svelte/src/compiler/phases/2-analyze/index.js b/packages/svelte/src/compiler/phases/2-analyze/index.js
index 1cdd218ea8..bb13b586d7 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/index.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/index.js
@@ -14,7 +14,7 @@ import {
 } from '../../utils/ast.js';
 import * as b from '#compiler/builders';
 import { Scope, ScopeRoot, create_scopes, get_rune, set_scope } from '../scope.js';
-import check_graph_for_cycles from './utils/check_graph_for_cycles.js';
+import check_graph_for_cycles from '../../utils/check_graph_for_cycles.js';
 import { create_attribute, is_custom_element_node } from '../nodes.js';
 import { analyze_css } from './css/css-analyze.js';
 import { prune } from './css/css-prune.js';
diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/Identifier.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/Identifier.js
index ebb2fc2b67..15cc7ed343 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/Identifier.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/Identifier.js
@@ -1,12 +1,11 @@
 /** @import { Expression, Identifier } from 'estree' */
 /** @import { Context } from '../types' */
 import is_reference from 'is-reference';
-import { should_proxy } from '../../3-transform/client/utils.js';
+import { should_proxy, get_rune } from '../../scope.js';
 import * as e from '../../../errors.js';
 import * as w from '../../../warnings.js';
 import { is_rune } from '../../../../utils.js';
 import { mark_subtree_dynamic } from './shared/fragment.js';
-import { get_rune } from '../../scope.js';
 import { is_component_node } from '../../nodes.js';
 
 /**
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/utils.js b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
index 9cdfa5cae1..8d1eae94d3 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
@@ -127,44 +127,6 @@ export function is_prop_source(binding, state) {
 	);
 }
 
-/**
- * @param {Expression} node
- * @param {Scope | null} scope
- */
-export function should_proxy(node, scope) {
-	if (
-		!node ||
-		node.type === 'Literal' ||
-		node.type === 'TemplateLiteral' ||
-		node.type === 'ArrowFunctionExpression' ||
-		node.type === 'FunctionExpression' ||
-		node.type === 'UnaryExpression' ||
-		node.type === 'BinaryExpression' ||
-		(node.type === 'Identifier' && node.name === 'undefined')
-	) {
-		return false;
-	}
-
-	if (node.type === 'Identifier' && scope !== null) {
-		const binding = scope.get(node.name);
-		// Let's see if the reference is something that can be proxied
-		if (
-			binding !== null &&
-			!binding.reassigned &&
-			binding.initial !== null &&
-			binding.initial.type !== 'FunctionDeclaration' &&
-			binding.initial.type !== 'ClassDeclaration' &&
-			binding.initial.type !== 'ImportDeclaration' &&
-			binding.initial.type !== 'EachBlock' &&
-			binding.initial.type !== 'SnippetBlock'
-		) {
-			return should_proxy(binding.initial, null);
-		}
-	}
-
-	return true;
-}
-
 /**
  * An async thunk. If an `await` inside restores the reaction context via `$.save`,
  * the body exits through `$.unsave` so the context cannot leak into foreign microtasks
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js
index 7ab148f0a3..630c89da00 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js
@@ -9,10 +9,10 @@ import {
 	is_expression_async
 } from '../../../../utils/ast.js';
 import { dev, locate_node } from '../../../../state.js';
-import { build_getter, should_proxy } from '../utils.js';
+import { build_getter } from '../utils.js';
+import { should_proxy, get_rune } from '../../../scope.js';
 import { visit_assignment_expression } from '../../shared/assignments.js';
 import { validate_mutation } from './shared/utils.js';
-import { get_rune } from '../../../scope.js';
 import { get_name } from '../../../nodes.js';
 
 /**
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/CallExpression.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/CallExpression.js
index f69bc5fe6e..cd1235d089 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/CallExpression.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/CallExpression.js
@@ -2,8 +2,7 @@
 /** @import { Context } from '../types' */
 import { dev, is_ignored } from '../../../../state.js';
 import * as b from '#compiler/builders';
-import { get_rune } from '../../../scope.js';
-import { should_proxy } from '../utils.js';
+import { get_rune, should_proxy } from '../../../scope.js';
 import { get_inspect_args } from '../../utils.js';
 
 /**
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
index 246feaccf6..81aee35336 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
@@ -5,14 +5,8 @@ import { dev, is_ignored, locate_node } from '../../../../state.js';
 import { extract_paths, save } from '../../../../utils/ast.js';
 import * as b from '#compiler/builders';
 import * as assert from '../../../../utils/assert.js';
-import { get_rune } from '../../../scope.js';
-import {
-	async_thunk,
-	get_prop_source,
-	is_prop_source,
-	is_state_source,
-	should_proxy
-} from '../utils.js';
+import { get_rune, should_proxy } from '../../../scope.js';
+import { async_thunk, get_prop_source, is_prop_source, is_state_source } from '../utils.js';
 import { get_value } from './shared/declarations.js';
 
 /**
diff --git a/packages/svelte/src/compiler/phases/3-transform/utils.js b/packages/svelte/src/compiler/phases/3-transform/utils.js
index c7fce61ff9..a57fa85ec2 100644
--- a/packages/svelte/src/compiler/phases/3-transform/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/utils.js
@@ -9,7 +9,7 @@ import {
 import * as e from '../../errors.js';
 import { walk } from 'zimmerframe';
 import { extract_identifiers } from '../../utils/ast.js';
-import check_graph_for_cycles from '../2-analyze/utils/check_graph_for_cycles.js';
+import check_graph_for_cycles from '../../utils/check_graph_for_cycles.js';
 import is_reference from 'is-reference';
 import { set_scope } from '../scope.js';
 
diff --git a/packages/svelte/src/compiler/phases/scope.js b/packages/svelte/src/compiler/phases/scope.js
index e3560753b4..ab92f8111f 100644
--- a/packages/svelte/src/compiler/phases/scope.js
+++ b/packages/svelte/src/compiler/phases/scope.js
@@ -1469,3 +1469,41 @@ function get_global_keypath(node, scope) {
 
 	return n.name + joined;
 }
+
+/**
+ * @param {Expression} node
+ * @param {Scope | null} scope
+ */
+export function should_proxy(node, scope) {
+	if (
+		!node ||
+		node.type === 'Literal' ||
+		node.type === 'TemplateLiteral' ||
+		node.type === 'ArrowFunctionExpression' ||
+		node.type === 'FunctionExpression' ||
+		node.type === 'UnaryExpression' ||
+		node.type === 'BinaryExpression' ||
+		(node.type === 'Identifier' && node.name === 'undefined')
+	) {
+		return false;
+	}
+
+	if (node.type === 'Identifier' && scope !== null) {
+		const binding = scope.get(node.name);
+		// Let's see if the reference is something that can be proxied
+		if (
+			binding !== null &&
+			!binding.reassigned &&
+			binding.initial !== null &&
+			binding.initial.type !== 'FunctionDeclaration' &&
+			binding.initial.type !== 'ClassDeclaration' &&
+			binding.initial.type !== 'ImportDeclaration' &&
+			binding.initial.type !== 'EachBlock' &&
+			binding.initial.type !== 'SnippetBlock'
+		) {
+			return should_proxy(binding.initial, null);
+		}
+	}
+
+	return true;
+}
diff --git a/packages/svelte/src/compiler/phases/2-analyze/utils/check_graph_for_cycles.js b/packages/svelte/src/compiler/utils/check_graph_for_cycles.js
similarity index 100%
rename from packages/svelte/src/compiler/phases/2-analyze/utils/check_graph_for_cycles.js
rename to packages/svelte/src/compiler/utils/check_graph_for_cycles.js