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Onycholysis is a condition that causes nails to separate from the nail bed beginning at the distal end of the nail (under the free edge). The nail itself will appear healthy, often maintaining its shape and strength. Techs will be able to see the separation easily on natural nails and through light-colored enhancement products.
Typically, bleeding does NOT occur as a result of toenail fungus. Nail fungus can be triggered by an unexpected trauma to the nail. This is known medically as Subungual Hematoma. So, if you were to jam something into the nail bed, such as a file, etc., it could cause temporary bleeding.