Yes, <p>Yes, bleeding is treated as physical damage.
Even damage.</p><p>If a monster can be attacked with Physical, the bleeding will affect him even if a monster doesnt looks have blood they will be lost hit points, they only way a monster dont bleed is only is it is immune of Physical Damage.
When I will be home I will add a pic of a monster.he is an elemental monster.</p><p>I leave an image of a Rot Elemental to explain myself better:</p><p><img alt="" src="https://i.gyazo.com/f73376786c0513a4b43189d8ead051b0.png" style="height:656px; width:896px"></p><p></p>