This indicates that $25,400 worth of short positions on $SUI bets that the price would fall were liquidated when SUI’s price reached $2.342.
When the price rises and hits a certain level short-sellers face losses and if they don't have enough funds to cover those losses their positions are automatically closed.
This liquidation suggests that some traders were caught off guard by the price increase to $2.342, resulting in their positions being forcefully closed.
