What does that mean for extreme environments like… a black hole? Water gets sucked in, experiences ultimate gravity and compression bringing it close to stopped time… at almost perfect 3.98?
Then gravitational tidal forces aren't strictly a uniform compression, on the contrary. Since gravity increases by 1/r^2, the part of the water drop that's closest to the black hole would experience largest force. That tears everything apart, so the water would be more dispersed instead of compressed. While I haven't done the math (and don't know if I even still could), I'd assume that gravity would quickly overcome Van Der Waals forces that holds the water molecules together, so it'd probably closer to water vapour than liquid.
And lastly, once it finally reaches the singularity, all bets are off. As far as I'm aware we have no idea what happens to matter in a singularity apart from contributing to its mass.