This indicates that a short position in Solana $SOL was liquidated due to a price increase. Here’s the breakdown:
The short position was valued at $30.9K.
The liquidation price was $204.97.
A short position is a bet that the price will decrease but as the price of $SOL rose to $204.97, the position was automatically liquidated. This action prevents further losses for the trader as their margin was insufficient to cover the losses from this price increase.