diff --git a/packages/block-editor/src/hooks/block-bindings.js b/packages/block-editor/src/hooks/block-bindings.js
index ec7348a981d969..8955183a2a0706 100644
--- a/packages/block-editor/src/hooks/block-bindings.js
+++ b/packages/block-editor/src/hooks/block-bindings.js
@@ -186,46 +186,38 @@ export const BlockBindingsPanel = ( { name: blockName, metadata } ) => {
 	const bindableAttributes = getBindableAttributes( blockName );
 	const dropdownMenuProps = useToolsPanelDropdownMenuProps();
 
-	// `useSelect` is used purposely here to ensure `getFieldsList`
-	// is updated whenever there are attribute updates.
-	// `source.getFieldsList` may also call a selector via `registry.select`.
-	const { fieldsList, canUpdateBlockBindings } = useSelect(
+	const registeredSources =
+		unlock( blocksPrivateApis ).getBlockBindingsSources();
+
+	const fieldsList = {};
+	Object.entries( registeredSources ).forEach(
+		( [ sourceName, { getFieldsList, usesContext } ] ) => {
+			if ( getFieldsList ) {
+				const context = usesContext?.reduce( ( _context, key ) => {
+					_context[ key ] = blockContext[ key ];
+					return _context;
+				}, {} );
+
+				const sourceList = getFieldsList( { registry, context } );
+				if ( sourceList ) {
+					fieldsList[ sourceName ] = sourceList;
+				}
+			}
+		}
+	);
+
+	const { canUpdateBlockBindings } = useSelect(
 		( select ) => {
 			if ( ! bindableAttributes || bindableAttributes.length === 0 ) {
 				return {};
 			}
-			const _fieldsList = {};
-			const { getBlockBindingsSources } = unlock( blocksPrivateApis );
-			const registeredSources = getBlockBindingsSources();
-			Object.entries( registeredSources ).forEach(
-				( [ sourceName, { getFieldsList, usesContext } ] ) => {
-					if ( getFieldsList ) {
-						// Populate context.
-						const context = {};
-						if ( usesContext?.length ) {
-							for ( const key of usesContext ) {
-								context[ key ] = blockContext[ key ];
-							}
-						}
-						const sourceList = getFieldsList( {
-							registry,
-							context,
-						} );
-						// Only add source if the list is not empty.
-						if ( sourceList ) {
-							_fieldsList[ sourceName ] = { ...sourceList };
-						}
-					}
-				}
-			);
 			return {
-				fieldsList: _fieldsList,
 				canUpdateBlockBindings:
 					select( blockEditorStore ).getSettings()
 						.canUpdateBlockBindings,
 			};
 		},
-		[ blockContext, bindableAttributes, registry ]
+		[ bindableAttributes ]
 	);
 	// Return early if there are no bindable attributes.
 	if ( ! bindableAttributes || bindableAttributes.length === 0 ) {