diff --git a/src/net.cpp b/src/net.cpp
index b51043ba27f..53a2dcf1258 100644
--- a/src/net.cpp
+++ b/src/net.cpp
@@ -833,7 +833,7 @@ void V1TransportSerializer::prepareForTransport(CSerializedNetMsg& msg, std::vec
     CVectorWriter{SER_NETWORK, INIT_PROTO_VERSION, header, 0, hdr};
 }
 
-size_t CConnman::SocketSendData(CNode& node) const
+std::pair<size_t, bool> CConnman::SocketSendData(CNode& node) const
 {
     auto it = node.vSendMsg.begin();
     size_t nSentSize = 0;
@@ -888,7 +888,7 @@ size_t CConnman::SocketSendData(CNode& node) const
         assert(node.nSendSize == 0);
     }
     node.vSendMsg.erase(node.vSendMsg.begin(), it);
-    return nSentSize;
+    return {nSentSize, !node.vSendMsg.empty()};
 }
 
 /** Try to find a connection to evict when the node is full.
@@ -1226,37 +1226,15 @@ Sock::EventsPerSock CConnman::GenerateWaitSockets(Span<CNode* const> nodes)
     }
 
     for (CNode* pnode : nodes) {
-        // Implement the following logic:
-        // * If there is data to send, select() for sending data. As this only
-        //   happens when optimistic write failed, we choose to first drain the
-        //   write buffer in this case before receiving more. This avoids
-        //   needlessly queueing received data, if the remote peer is not themselves
-        //   receiving data. This means properly utilizing TCP flow control signalling.
-        // * Otherwise, if there is space left in the receive buffer, select() for
-        //   receiving data.
-        // * Hand off all complete messages to the processor, to be handled without
-        //   blocking here.
-
         bool select_recv = !pnode->fPauseRecv;
-        bool select_send;
-        {
-            LOCK(pnode->cs_vSend);
-            select_send = !pnode->vSendMsg.empty();
-        }
+        bool select_send = WITH_LOCK(pnode->cs_vSend, return !pnode->vSendMsg.empty());
+        if (!select_recv && !select_send) continue;
 
         LOCK(pnode->m_sock_mutex);
-        if (!pnode->m_sock) {
-            continue;
+        if (pnode->m_sock) {
+            Sock::Event event = (select_send ? Sock::SEND : 0) | (select_recv ? Sock::RECV : 0);
+            events_per_sock.emplace(pnode->m_sock, Sock::Events{event});
         }
-
-        Sock::Event requested{0};
-        if (select_send) {
-            requested = Sock::SEND;
-        } else if (select_recv) {
-            requested = Sock::RECV;
-        }
-
-        events_per_sock.emplace(pnode->m_sock, Sock::Events{requested});
     }
 
     return events_per_sock;
@@ -1317,6 +1295,24 @@ void CConnman::SocketHandlerConnected(const std::vector<CNode*>& nodes,
                 errorSet = it->second.occurred & Sock::ERR;
             }
         }
+
+        if (sendSet) {
+            // Send data
+            auto [bytes_sent, data_left] = WITH_LOCK(pnode->cs_vSend, return SocketSendData(*pnode));
+            if (bytes_sent) {
+                RecordBytesSent(bytes_sent);
+
+                // If both receiving and (non-optimistic) sending were possible, we first attempt
+                // sending. If that succeeds, but does not fully drain the send queue, do not
+                // attempt to receive. This avoids needlessly queueing data if the remote peer
+                // is slow at receiving data, by means of TCP flow control. We only do this when
+                // sending actually succeeded to make sure progress is always made; otherwise a
+                // deadlock would be possible when both sides have data to send, but neither is
+                // receiving.
+                if (data_left) recvSet = false;
+            }
+        }
+
         if (recvSet || errorSet)
         {
             // typical socket buffer is 8K-64K
@@ -1363,12 +1359,6 @@ void CConnman::SocketHandlerConnected(const std::vector<CNode*>& nodes,
             }
         }
 
-        if (sendSet) {
-            // Send data
-            size_t bytes_sent = WITH_LOCK(pnode->cs_vSend, return SocketSendData(*pnode));
-            if (bytes_sent) RecordBytesSent(bytes_sent);
-        }
-
         if (InactivityCheck(*pnode)) pnode->fDisconnect = true;
     }
 }
@@ -2935,7 +2925,8 @@ void CConnman::PushMessage(CNode* pnode, CSerializedNetMsg&& msg)
         if (nMessageSize) pnode->vSendMsg.push_back(std::move(msg.data));
 
         // If write queue empty, attempt "optimistic write"
-        if (optimisticSend) nBytesSent = SocketSendData(*pnode);
+        bool data_left;
+        if (optimisticSend) std::tie(nBytesSent, data_left) = SocketSendData(*pnode);
     }
     if (nBytesSent) RecordBytesSent(nBytesSent);
 }
diff --git a/src/net.h b/src/net.h
index 1ea0ad868aa..3c1221f518e 100644
--- a/src/net.h
+++ b/src/net.h
@@ -1013,7 +1013,9 @@ private:
 
     NodeId GetNewNodeId();
 
-    size_t SocketSendData(CNode& node) const EXCLUSIVE_LOCKS_REQUIRED(node.cs_vSend);
+    /** (Try to) send data from node's vSendMsg. Returns (bytes_sent, data_left). */
+    std::pair<size_t, bool> SocketSendData(CNode& node) const EXCLUSIVE_LOCKS_REQUIRED(node.cs_vSend);
+
     void DumpAddresses();
 
     // Network stats