Apple Pencil could get an update soon
Apple Pencil 2 already supports a double-tap gesture for switching between available tools in an app. Since it has no pressure sensitivity, a squeeze gesture would likely be reserved for Apple Pencil 3.
Code discovered in iPadOS 17.5 beta 1 by 9to5Mac shows evidence of a squeeze gesture for Apple Pencil. The gesture would be used for adding shapes, signatures, stickers, or a text field.
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