The invention discloses a device and a method for hydraulic structure deformation distribution type optical fiber monitoring. The device comprises a through-bottom vertical shaft, wherein a displacement platform is arranged in the through-bottom vertical shaft, drill bit driving devices are arranged at the two sides of the displacement platform, are connected with conical drill bits, and are respectively connected with lifting ropes, the lifting ropes are wound around coiling discs, the middle part of the displacement platform is connected with one end of each of a pair of springs, the other end of each of the pair of springs is hinged to a vertical measuring ruler, the vertical measuring ruler penetrates through a scale platform, an optical fiber hanging bucket is arranged between the two springs, a wavy loop optical fiber is arranged in the optical fiber hanging bucket, an optical fiber buckle is arranged on the wavy loop optical fiber, an optical wave transmitter is arranged at the input end of the wavy loop optical fiber, and an optical wave collector is arranged at the output end of the wavy loop optical fiber. The device has the advantages and characteristics that the repeated use is realized, the installation is very convenient, the real-time detection and maintenance are realized, the distributed type structure is realized, the micro and macro effect and real-time effect are realized, the suitability to complex environment is high, and the like.