Knowledge base | Whaleclub

What is the liquidation price?

It's the price at which you lose your margin if your trade goes against you. For example, if you open a 10BTC long position at $500 at 10x leverage, your liquidation price will be around $450, corresponding to a leveraged loss of about 10% (100 divided by the leverage used). If this price is reached, your order will be automatically closed at the best available price.