I believe it is considered false because the rules don't consider "an amount" of blood. Just any blood at all.
3-3-6
ART. 6 . . . A player who is bleeding, has an open wound, has any amount of blood on his/her uniform, or has blood on his/her person, shall be directed to leave the game until the situation is corrected, unless a time-out is requested by, and granted to, his/her team and the situation can be corrected by the end of the time-out.
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