Cavitation occurs in the micro-clearance of liquid-hydrogen-lubricated bearings owing to the pressure drop caused by high-speed shearing. The pressure undulation caused by cavitation collapse results in bearing surface erosion and significantly affects the bearing performance. In this study, a modified Z-G-B cavitation model was used to study the crushing process of a single liquid hydrogen bubble in a shear micro-clearance. Fast Fourier transform (FFT) and wavelet transform (WT) were applied to study the frequency characteristics of the pressure, mass transfer rate, and vapor mass fraction during bubble rupture in shearing micro-clearance. To obtain a deeper insight into the details of the effect of the shear micro-clearance structure on bubble collapse, the relationship between the flow field energy, attenuation rate, and frequency was investigated. The proper orthogonal decomposition (POD) and dynamic mode decomposition (DMD) methods were used to analyze the energy of each order mode of the flow field. The analysis results of the bubble vibration intensity with respect to time and frequency provide a theoretical basis for the optimization of the bearing structure.