The simpler bond that I know is: 2 Hydrogen nuclei + 1 electron and is analised in elementary books of QM as Griffiths. The water molecule itself is a much more complicated case, and the nature of the bond between molecules is a step further.
But I think that one of the conclusion for the simpler model is also valid here: There is a sharp potential function that defines an equilibium distance between the molecules. Any attempt to decrease it, results in a very strong separating force. And there is also an attracting force when trying to separate them.
So, they behave as oscillators around an equilibrium position. At the surface, only the collisions of air molecules tend to compress the water molecules, so the potential energy of the oscillators is small.
For points below the surface, they are compressed also by the weight of the water above. The potential energy grows, and any collision to other molecules or to a submerged body is stronger.
So, the force on a submerged body is greater below it than above it, even for a pratically incompressive fluid as water.