present.

A view created with CREATE VIEW ... ORDER BY ... cannot be resolved with
the MERGE algorithm, even when no other part of the CREATE VIEW statement
would require the view to be resolved using the TEMPTABLE algorithm.

The check for presence of the ORDER BY clause in the underlying select is 
removed from the st_lex::can_be_merged() function.
The ORDER BY list of the underlying select is appended to the ORDER BY list