No.
Squatting down generally requires you to have some part of the body which is above the knees when standing erect to be below the knees.
Bending the knees, while this action can include squatting down, only requires the knees to be bent slightyslightly. For example, some people recommend bending the knees to keep the circulation of the blood in the legs unconstricted, but this dowsdoes not require squatting down.