Wiktionary
bleed white
vb. (context transitive figuratively informal English) To cause someone hardship by cutting all their supply off.
Usage examples of "bleed white".
The stage lights flickered over the white bones, making them shimmer, and almost bleed white color when he moved his head.
His skin was so unwholesomely deficient in the natural tinge, that he looked as though, if he were cut, he would bleed white.