it could mean you have a leaky head gasket.
best and cheapest way to have a better check is to buy a cheap borescope off the net ( they are extremely cheap on e bay )
get one for the android phone or I phone whatever phone you have.very simple to us and they even have 6 little led lights on them.
this will allow you to look right into the piston chamber and see if its extremely clean. . .if it is then it is probably a head gasket leaking.
do not use the motor until you investigate, because if water is passing the rings it will destroy the crankshaft and bearings along with the rings etc.
a simple head gasket is no big deal to change. do make sure the head is not warped by placing on perfectly level surface after cleaning old gasket away..