Bulk nanobubble is one of the nanoscopic gaseous state found in the solution. We measured transient absorption spectra of eosin Y in the excited triplet state ($^3EY^{2-*}$) to elucidate differences in the dissipation process of the bulk nanobubble of oxygen molecule at air pressure. The time dependence of the oxygen dissipation process was classified three time domains (P1, P2 and P3). The comparison of ordinary bubbling method gave different results at P3 in contrast to similar results at P1 and P2, indicating the existence of characteristic dissolving state in the case of nanobubble.