The pine wood nematode (Bursaphelenchus xylophilus, PWN) is a globally significant quarantine pest that causes severe economic and ecological damage to coniferous forests worldwide. Additionally, PWNs continue to expand into higher latitudes. However, studies on their cold tolerance remain limited. This study investigated the overwintering environment of PWNs in epidemic areas of Liaoning Province, China. It established a protocol to induce anhydrobiosis in PWNs, evaluated their low-temperature resistance, observed morphological changes during anhydrobiosis, and explored potentially involved key genes. The results showed that (1) there was no significant difference in thermal insulation between infected and healthy wood in Liaoning Province; both effectively reduced temperature fluctuation rates, providing a protective function for PWN overwintering. (2) PWNs significantly enabled their cold tolerance through anhydrobiosis, accompanied by significant morphological changes and substantial lipid droplet depletion. (3) Eleven anhydrobiosis-related genes were identified. Among these, the collagen gene family showed consistent expression patterns throughout dehydration and rehydration. This suggests a potential role in cuticle structural changes and osmoregulation during anhydrobiosis. These findings provide a theoretical basis for understanding how PWNs survive winter conditions in high-latitude regions. Additionally, they offer valuable insights for future research into PWN anhydrobiosis and the development of effective control strategies.