This indicates that a long position in $TIA likely referring to a cryptocurrency or token was liquidated at a specific price point. Here's the breakdown.
The long position in $TIA was worth $50.9K.
The liquidation price was $5.088.
This suggests that the trader was betting on the price of $TIA to increase, but when the price dropped to $5.088, it triggered an automatic liquidation of the position. The exchange closed the position to cover the trader's margin preventing further losses.