What’s wrong with itching, peeling and rotting in the toe crack?

Itchy, peeling, and vesicular bleeding in the toe crevices is most likely tinea pedis. There are many types of tinea pedis, and this condition may belong to vesicular tinea pedis, and vesicular bleeding is usually a symptom secondary to other tinea pedis or accompanying other tinea pedis. In this case, you should actively keep your feet clean and dry, try not to use alkaline toiletries, and try not to burn your feet. You can use antifungal medications for topical application, such as Meclizine or Paregoric, for topical treatment, or you can take oral anti-itch medications, such as paracetamol or Epastine.