Notitia
With leverage you control a position larger than the margin you post. If the price moves against you, the loss is taken from that margin; when it falls below the maintenance margin, the exchange closes the position by force: that is liquidation.
At x10, a 9.5% move against you wipes out the margin. Exchanges liquidate before zero because of the maintenance margin and fees.
Calculated in your browser, nothing is stored. Education, not investment advice.
This calculator gives the approximate liquidation price of an isolated-margin contract, in crypto as with CFDs.
At x10, a single bad session can liquidate the position.
When many leveraged positions are liquidated at once, forced selling pushes the price down, which triggers more liquidations. These cascades explain the flash crashes of crypto markets, as in May 2021 or October 2025.
With isolated margin, in principle no: the loss is capped at the position’s margin. With cross margin, the whole account balance can be used to avoid liquidation, and can therefore be lost.
Lower the leverage, add margin or cut the size. A stop placed before the liquidation price also caps the loss.