According to BlockBeats, data from Coinglass on July 1st revealed a global liquidation of $40.11 million in the past four hours. Of this total, short orders accounted for $36.6754 million. This significant liquidation event indicates a volatile market environment. Further details about the specific assets involved in the liquidation were not provided. The data underscores the inherent risks associated with digital asset trading, particularly in short-term trading scenarios. Investors are advised to exercise caution and conduct thorough research before engaging in such activities.