Sharks possess a remarkable sensitivity to blood, allowing them to detect it from significant distances in the ocean. However, the actual diffusion of blood molecules in calm sea water is limited, and various factors such as water flow and the movement of the blood source can influence detection. While sharks can sense low concentrations of blood, this does not guarantee they can effectively locate it from far away without favorable conditions. The discussion emphasizes that the ability to detect blood is more about the sensitivity of a shark's senses rather than a straightforward measure of distance.