Recently, someone has been watching large on-chain transfers and hot/cold wallets on exchanges and claiming they are "smart money" whenever there's movement. I find that a bit exhausting... Honestly, whether your account gets liquidated or not often depends more on how quickly the oracle feeds prices.

A delay of a few minutes in price feeding means the market has already gone down, but the lending side still uses the old price as a reference. You might think there's a safety buffer, but the next update jumps straight to the new price, and liquidation hits like a sudden blow. Especially when using high leverage and tight positions, even the speed to add margin might not keep up.

My own habit: don't set your position right at the limit, leave some buffer when you see big fluctuations, and quickly check the price sources of the protocols you use often (are there only one, and how frequently are they updated). Anyway, don’t treat "smart money" as a talisman—if the price feed is slow, everyone suffers equally.