do you understand hydrolock?
Both valves for a cyl closed water in cylinder, piston goes up.. er.. or tries to, and can't, because water is essentially uncompressable ( at these temps and pressures ).
So it's the old irresistable force meeting the immovable object.
many times you get bent connecting rods, damaged cranks, broken blocks, etc.. in this case, my bet is the webbing in the head over the combustion chamber had a spot that was a hair weaker than anything else in that pressure cylinder. Who knows, might have sucked up oil on one stroke and popped it on another then started drinking water.
headbolts might have stretched and let fluids in, then let it water hammer it.
lots of possibilities for these modes of failure.