If fertilisation does not occur, the secondary oocyte undergoes autolysis and progesterone (secreted by persistent corpus luteum) inhibits the release of LH from pituitary. Reduction of LH level causes regression of corpus luteum by autolysis and thus fall in the progesterone level in the blood. Due to deficiency of progesterone, uterine lining sloughs off causing bleeding. This whole phase is called bleeding phase.