Lately i have noticed the coolant hasnt been pooling up at the filler cap in the engine bay... only takes about 100ml or so to bring it up again, but as of sunday i got a bit of a shock to see the water temp. needle rising slowly, and then falling to normal levels again

Pulled up, looked all over underneath the car - no signs of leaks or anything, no steam, strange smells, etc...
Got home, checked oil - still sweet as - and could hear bubbling from somewhere in the engine bay...

What could this be? Is it normal for the coolant level to sit soo low? The bubbling sounds a bit like the coolant from a 3SGTE after its been pushed hard, like its boiling the water or something...but the car hasn't been pushed!