The whole point behind the pink petals is the 'SAKURA' on his attack. Sakura are naturally pink...Originally Posted by Konohamaru
Blood Red Sakura petals, I believe, have only been shown in anime (dunno about real life) when a corpse is buried under a Cherry Blossom (Sakura) and the tree absorbs the blood of its victim. This happened on Tokyo Babylon / X (from CLAMP) when Seishirou SAKURAzuka, the SAKURAzukamori killed his victims. And even he was shown besides pink petals...
The thing here is not the color... remember Sakura trees are really common (and famous) in Japan. And its most revered version is the pink one. Japanese have a full holiday to watch them bloom.