Can bleach from uv/ir radiation from your lights. Especially metal halides. Also temperature plays an important role in bleaching, ir/uv radiation causes the surface of the coral/anemone to become hoter than the surounding water temp. Given more flow, the anemones surface temp will keep up with the surrounding water temp. Given slower water flow, the anemone will rise in temp compared to outside water temp.
Bleaching is the loss of photosythetic pigments due to heat.imo.
Notice any temperature differences?