Estimate the price at which a leveraged long or short position gets liquidated, based on leverage and maintenance margin.
A leveraged position is liquidated when its loss eats through your collateral down to the exchange's maintenance margin requirement. For an isolated-margin position, the liquidation price depends only on entry price, leverage, direction, and the maintenance margin rate (MMR).
Long: Liquidation price = Entry × (1 − 1/Leverage + MMR)
Short: Liquidation price = Entry × (1 + 1/Leverage − MMR)At 10× long, price only has to fall about 10% (minus the maintenance margin buffer) to trigger liquidation. This is the standard isolated-margin approximation; exact levels vary slightly by exchange because of tiered maintenance margins, funding payments, and fees, so treat the result as an estimate.