I think that Oshosondy gave the wrong calculation and, accordingly, may mislead you. Look at how the support of the Binance exchange explains such a question to "How to Calculate Margin Liquidation Price", as an example, x3 leverage is used there, exactly what you are interested in - https://www.binance.com/en/support/faq/how-to-calculate-margin-liquidation-price-f6b010588e55413aa58b7d63ee0125ed
I am wrong? Okay let us assume that I am wrong. If bitcoin is at $60000 and you go 3x leverage to open a long position, what price would be the liquidation price? You can not say that I am wrong if you do not give the answer. Give the answer in bitcoin price with prove and not just refer to any article.I am sure that you did not even open the link that I indicated earlier, otherwise you would have realized that the formula of calculating the liquidation price is different from the one that you use) If the initial balance is $100, and you have opened a long position with x3 leverage, at a price of $60,000, then the liquidation price will be $44,000. To simplify the calculation, you can use a calculator - https://www.binance.com/en/margin/calculator
Why will I check it when I know what I am saying. I have traded may coins and that my calculation is correct.
I prefer to go practical and not just make use of any calculator. I know that calculator is existing on Binanace but I have not used it before. I back change from multi asset mode just to single asset mode just to proof a point that this is wrong. Also you can go to my previous posts and read it again and see how I am very correct after you check the correct calculation from my image below.
You can see the price that I set which is $60000. You can see the estimated liquidation price which is $39605.2. Not $44000.
You may use exchanges calculation, but what I am saying it correct.