Where do you think that water comes from? I'll tell you since it's obvious that you don't really understand an ICE. It comes from combustion blowing by the piston rings into the sump area. That blow-by going into the sump area will mix with and get into the oil. There is oil splashing all over the place below the pistons due to the journal bearings slinging oil up towards the pistons, and also some engines have piston oil squirters that bath the undersides of the pistons. So that blow-by can mix easily with the oil in the sump area.
The reason some of that condensation collects under the oil fill cap and other places like that as time goes on is because it's condensing on colder areas of the engine. In cold weather and with short drives, that collected moisture can become worse. Driving a car in Florida vs in Minnesota will have an effect on the level of water inside the engine. Also, the water that collects in a PCV catch-can is water vapor, some of which was also liquid water in the oil before the oil temps get hot enough to vaporize it out, that gets sucked out of the crankcase and condensed in the catch-can. It's apparent that you really don't see the whole piture and understand what's going on inside a running engine.
Did you look at that statement in the Machinery Lubrication article I posted earlier? You think that Machinery Lubrication has a bunch of armatures writing for them that don't know what they are writing about? Water can be absorbed by cellulose fiber type media, which can make them swell/grow and become wavy. Once the media swells and becomes wavy, it doesn't magically snap back into place once the moisture is burned off. If water absobtion is not a factor in oil filter wavy pleats then post up some other valid information that proves it doesn't and show what you think the real cause is.
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