Cattleya Disease/Pest/Fungus

[MrHungx]

My Blc. Memoria Ong Wen-Mo 'Yong Kong #1' has shown signs of deterioration. The lead pseudobulb has started to rot at the base. I tend to keep my catts on the dry side, so I definitely did not overwater it. I'm assuming it has something to do with the minor scale outbreak about a month ago (there are currently no signs of any pests). When trimming off the diseased pseudobulb at the rhizome, I noticed an abundance of a clear liquid that turned red when exposed to air. I'm not sure if this is a sign that the whole plant is diseased or if this is normal. I am including a picture of the diseased pseudobulb. Notice that the cut in the rhizome is red. Any help is appreciated.