what is a short squeeze 
a short squeeze happens when traders who took a short sell position are squeezed into buying back assets at a higher rate than they had hoped to thus creating an even sharper spike in the price of that asset essentially a short squeeze occurs when traders have anticipated that an asset price would drop so they sold the asset at a higher rate and with the expectation of buying it back at the lower rate for a healthy profit however if the market proves to be surprisingly bullish and the asset price continues to rise some traders may panic and close their position even at the higher price in order to limit their losses in doing so they cause the demand of that asset to be even greater than it already was thus driving the price even higher 