The most common and most likely answer to this crossword clue is the 8 letter word SQUEEZED
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More clues leading to the result SQUEEZED
Buddy explains!

The straight part
We know that "pinched" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case pinched = squeezed.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does SQUEEZED mean?
SQUEEZED verb- To apply pressure to from two or more sides at once.
- To embrace closely; to give a tight hug to.
- To fit into a tight place.
- To remove something with difficulty, or apparent difficulty.
- To put in a difficult position by presenting two or more choices.
- To oppress with hardships, burdens, or taxes; to harass.
- To attempt to score a runner from third by bunting.