Your Answer is right there in the Node List, though you're not the first one to make this mistake so don't worry, Enhanced Bleed increases Bleed Potency by 40% for a Total of 140% Bleed Potency. Horseman Mode only Reduces Bleed Potency by 100%, leaving 40% there to continue to Damage you.
Well as I said, done that fight XY times and never took any dmg. Thats why i'm curious.
Edit: Looks like its the deep wounds mastery rather than the node. "If his health is higher, take XX instant dmg. 😕
Not sure how you aren't taking Bleed Damage outside the Deep Wounds Ability then, even with the Coagulate Mastery you should still take 10% of that Bleed Damage (30% Bleed Resist at Max).
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Horseman Mode only Reduces Bleed Potency by 100%, leaving 40% there to continue to Damage you.
Edit: Looks like its the deep wounds mastery rather than the node. "If his health is higher, take XX instant dmg. 😕