What you described there was a worn out engine that has lost all pinch and is suffering blow-by. I'm talking about the lower rod bushing and main internal bearing possibly being worn or on it's way out. When you get play in either it lets the piston go higher due to a longer stroke which in turn raises compression and this will usually squish the plug element. If there is any play in the main bearing and or the rod is loose on the crank pin, they should be replaced or catastrophic failure could happen.
The front engine bearing does not seal the engine from atmospheric pressure, the rubber seal is only there to keep dirt out of the bearing and is a low contact bearing, meaning not air tight. The seal does help keep the oil from leaking out but that is not the main purpose, a leaking front bearing usually mean A) the tune is very rich or B) the fuel has a very high oil content. The air tight seal that seals the crank case is actually just behind the front bearing and just in front of the induction opening. The seal is made from a thin film of oil between the crank and block, not the front bearing.
OP, pull the plug out and spin the engine over TDC and see if it has any mechanical pinch or if it just spins over with no resistance.