This study employs molecular dynamics simulations to investigate the process of nanobubble gradual indentation and eventual collapse. The research primarily focuses on the mechanisms by which impact velocity and bubble size influence the dynamic characteristics of nanobubble collapse. The results indicate that nanobubble collapse generally proceeds through three stages. Initially, there is a compression phase of water molecules surrounding the bubble, followed by a phase where the shock wave disrupts the stable structure of the liquid film, and finally, the complete collapse of the bubble. At higher impact velocities, smaller bubbles collapse more rapidly due to stronger shock effects. Post-collapse, a high-speed jet forms a protrusion on the right end of the velocity contour. The degree of protrusion increases with bubble size and impact velocity. Water molecules converge towards the bubble center, forming vortex structures above and below the bubble, effectively enhancing internal mass transfer. As bubble size and impact velocity increase, the density around the bubble gradually rises, reaching approximately 1.5 g/cm³ in localized areas upon complete collapse. When the bubble system decays to half its original size, a water hammer effect occurs. This effect becomes more pronounced with increasing bubble size and impact velocity. For a nanobubble structure with u _p= 3.0 km/s and D= 10 nm, the local pressure formed by the water hammer impact of the jet after collapse can reach 30 GPa.