Lots of stuff bangs, i'm not putting a lot of faith in that.. There are shipping containers, and all kind of trash, fish, debris, you name floating in the ocean.
With the vastness of the ocean, seeing an object so small, is a BIG ask. I'm not convinced they would see it, even if it was close to the top, especially because the orientation isn't guaranteed
You can only live 3 days without water. It was a short tour, I think that running out of water before air is very possible.
Personally, I think I read where they were 15 minutes from the titanic on last communication. I think they took a hard landing and bumped the bottom and it imploded.
They got the 3rd class ticket on the Titanic and got the full experience.