This happened because when Charizard got hit by the down air, he meet the requirements(being meteored at a decent speed) for the higher than normal blast zone for meteored opponents. Because of this, his body contacted the blast zone the same frame that the kill screen happened, forcing the game to display this glitchy mess.
Article on Blast Lines(Zones): https://www.ssbwiki.com/Blast_line
#Smash Ultimate #Glitch