diff --git a/documentation/docs/98-reference/.generated/client-warnings.md b/documentation/docs/98-reference/.generated/client-warnings.md
index b49d4aae8d..60cb02a1ee 100644
--- a/documentation/docs/98-reference/.generated/client-warnings.md
+++ b/documentation/docs/98-reference/.generated/client-warnings.md
@@ -37,15 +37,41 @@ function add() {
 ### await_reactivity_loss
 
 ```
-Detected reactivity loss
+Detected reactivity loss when reading `%name%`. This happens when state is read in an async function after an earlier `await`
 ```
 
-TODO
+Svelte's signal-based reactivity works by tracking which bits of state are read when a template or `$derived(...)` expression executes. If an expression contains an `await`, Svelte transforms it such that any state _after_ the `await` is also tracked — in other words, in a case like this...
+
+```js
+let total = $derived(await a + b);
+```
+
+...both `a` and `b` are tracked, even though `b` is only read once `a` has resolved, after the initial execution.
+
+This does _not_ apply to an `await` that is not 'visible' inside the expression. In a case like this...
+
+```js
+async function sum() {
+	return await a + b;
+}
+
+let total = $derived(await sum());
+```
+
+...`total` will depend on `a` (which is read immediately) but not `b` (which is not). The solution is to pass the values into the function:
+
+```js
+async function sum(a, b) {
+	return await a + b;
+}
+
+let total = $derived(await sum(a, b));
+```
 
 ### await_waterfall
 
 ```
-An async value (%location%) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app.
+An async value (%location%) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app
 ```
 
 TODO
diff --git a/packages/svelte/messages/client-warnings/warnings.md b/packages/svelte/messages/client-warnings/warnings.md
index 0a6af616c3..e4390318eb 100644
--- a/packages/svelte/messages/client-warnings/warnings.md
+++ b/packages/svelte/messages/client-warnings/warnings.md
@@ -32,13 +32,39 @@ function add() {
 
 ## await_reactivity_loss
 
-> Detected reactivity loss
+> Detected reactivity loss when reading `%name%`. This happens when state is read in an async function after an earlier `await`
 
-TODO
+Svelte's signal-based reactivity works by tracking which bits of state are read when a template or `$derived(...)` expression executes. If an expression contains an `await`, Svelte transforms it such that any state _after_ the `await` is also tracked — in other words, in a case like this...
+
+```js
+let total = $derived(await a + b);
+```
+
+...both `a` and `b` are tracked, even though `b` is only read once `a` has resolved, after the initial execution.
+
+This does _not_ apply to an `await` that is not 'visible' inside the expression. In a case like this...
+
+```js
+async function sum() {
+	return await a + b;
+}
+
+let total = $derived(await sum());
+```
+
+...`total` will depend on `a` (which is read immediately) but not `b` (which is not). The solution is to pass the values into the function:
+
+```js
+async function sum(a, b) {
+	return await a + b;
+}
+
+let total = $derived(await sum(a, b));
+```
 
 ## await_waterfall
 
-> An async value (%location%) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app.
+> An async value (%location%) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app
 
 TODO
 
diff --git a/packages/svelte/src/internal/client/runtime.js b/packages/svelte/src/internal/client/runtime.js
index d450165c7b..d9c8cfa00d 100644
--- a/packages/svelte/src/internal/client/runtime.js
+++ b/packages/svelte/src/internal/client/runtime.js
@@ -875,7 +875,10 @@ export function get(signal) {
 			var was_read = from_async_derived.deps !== null && from_async_derived.deps.includes(signal);
 
 			if (!tracking && !was_read) {
-				w.await_reactivity_loss();
+				w.await_reactivity_loss(/** @type {string} */ (signal.label));
+
+				// eslint-disable-next-line no-console
+				console.warn(get_stack('TracedAt'));
 			}
 		}
 
diff --git a/packages/svelte/src/internal/client/warnings.js b/packages/svelte/src/internal/client/warnings.js
index 48639a4f4f..902b471d8b 100644
--- a/packages/svelte/src/internal/client/warnings.js
+++ b/packages/svelte/src/internal/client/warnings.js
@@ -19,23 +19,24 @@ export function assignment_value_stale(property, location) {
 }
 
 /**
- * Detected reactivity loss
+ * Detected reactivity loss when reading `%name%`. This happens when state is read in an async function after an earlier `await`
+ * @param {string} name
  */
-export function await_reactivity_loss() {
+export function await_reactivity_loss(name) {
 	if (DEV) {
-		console.warn(`%c[svelte] await_reactivity_loss\n%cDetected reactivity loss\nhttps://svelte.dev/e/await_reactivity_loss`, bold, normal);
+		console.warn(`%c[svelte] await_reactivity_loss\n%cDetected reactivity loss when reading \`${name}\`. This happens when state is read in an async function after an earlier \`await\`\nhttps://svelte.dev/e/await_reactivity_loss`, bold, normal);
 	} else {
 		console.warn(`https://svelte.dev/e/await_reactivity_loss`);
 	}
 }
 
 /**
- * An async value (%location%) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app.
+ * An async value (%location%) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app
  * @param {string} location
  */
 export function await_waterfall(location) {
 	if (DEV) {
-		console.warn(`%c[svelte] await_waterfall\n%cAn async value (${location}) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app.\nhttps://svelte.dev/e/await_waterfall`, bold, normal);
+		console.warn(`%c[svelte] await_waterfall\n%cAn async value (${location}) was not read immediately after it resolved. This often indicates an unnecessary waterfall, which can slow down your app\nhttps://svelte.dev/e/await_waterfall`, bold, normal);
 	} else {
 		console.warn(`https://svelte.dev/e/await_waterfall`);
 	}