I don't know guys. If I were a betting man, I'd say the problem is in at least one strut. Maybe leaking around the solenoid itself, past the o-rings, but leaking through the solenoid would be a VERY rare problem. The solenoids used on these things are a really good design. They rarely need anything more than just resealing....much less leaking internally. Keep in mind that that those line connections were never designed to be totally leak-free(per Ford shop manual). A little leak is considered normal. This line connection doesn't have to be leak-free because each strut has its own solenoid that acts as a gate for air to go in or out. Therefore, it doesn't require the lines to keep pressure in the struts. The leak (bubbles) your getting is most likely just the line pressure. In other words, the pressure from the compressor to the solenoid.
If your wondering if the module is signaling the solenoid to stay open, simply disconnect the solenoid in question for the night. If its not getting power, its not opening "electrically".
With the way this system is designed, unless something VERY rare is happening, like the air is leaking internally through a solenoid, you could actually disconnect all the lines from each solenoid, and as long as the suspension switch was turned off, the car shouldn't go down. (after a month yes, but not overnight)