From the sunset till the dawn the citizen of ionia face what they call “The Blood Moon” to cleanse their fears and woes.
The festival starts in the morning in the Serene Gardens. During the day the citizen can enjoy the local artists performance, shop from the vendors along the garden’s edge are filled with shops.
All the visitors can write on a scroll their woes and worries and hang it on the Great tree Branches.
During the night, Ionian citizens were treated to various musical and theatrical performances pertaining to Ionian history or legend.
As the sun starts to rise the scrolls are burned with magic fire. As the magic dissipates the sun shines in the sky and the soul are purified.
Essentially, the Blood Moon is a festival where citizens of Ionia tell tall tales, cultural myths, and local legends, among many other activities. Since Ionia is a conglomerate of various asian cultures, primarily Japanese and Chinese, it should come as no surprise spirits and frightening monsters are a popular subject of their stories.
Thresh is a malicious spirit that wanders the world stealing the souls of whomever he meets; many cultures have malicious spirits out for the oh so precious souls of mortal men, so it is natural for Ionia to have one of their own. Blood Moon Elise fits the depiction of a jorōgumo almost trait for trait. In short, the Blood Moon skins are representations of possible Ionian legends, perhaps how these champions would look if they were from Ionia to begin with.