I LOVE it!!
But I'd be alarmed if it were mine, yes. You say the plant doesn't have any leaves? It's stressed then, and won't be able to photosynthesize so well. A severely stressed plant will sometimes throw out blooms as a sort of swan song; it's a last ditch effort to reproduce itself before it dies. If it were mine, I'd cut off the bloom spike to enjoy in a bud vase, and try to get the plant to start some new growth. Keeping it warm and humid (not wet!) is a start there, and don't lose hope- they can take a while to jump start. (look up 'sphag and bag') As long as there's green, there's hope. Starting a thread asking for help with stressed den might be good to get lots of input from others.
If you just meant that the pseudobulb which produced this bloom spike is leafless and it has another(s) with leaves, I wouldn't worry about it. Old backbulbs will sometimes bloom also- probably for similar reasons. That doesn't affect the other growths.
I have saved several stressy leafless box store and dumpster dens- they come back well with time! Even if it's stressed, you can save it. We'll help you.
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