Jesus' death is mentioned in both Colossians 1:20 and 1:21-22:
- 1:20: and through him to reconcile all things to himself, having made peace through the blood of the cross of him.
- 1:21-22: and you once having been alienated and enemies in the mind by evil works, yet now he reconciled in the body of the flesh of him through his death to present you holy and blameless and without reproach before him.
The first argument pertains to the structure of 1:21-22:
- 21a and you once ------ 22a yet now
- 21b having been alienated and enemies in the mind ------ 21b he reconciled
- 21c by/in evil works ------ 22c by/in the body of the flesh of him through his death
This brings me to Colossians 1:20, which does mention blood. However, there is no reason to assume that an animal-like sacrifice is meant. "Blood" could just be an example of metonymy (as "Hollywood" would be a stand-in for the movie business). "Blood" could still be a reference to Jesus' obedience and could even pertain to the "war" Jesus waged against the forces of evil (see Colossians 2:14-15). "Blood" elsewhere in the Scripture can refer to death and not animal-like sacrifice (see Genesis 9:6 for a famous example).
It's true that Paul does not spell out the mechanism of atonement in Colossians but he tends to use language of incorporation which is not the language of animal-like sacrifice (see Colossians 2:11-12 as just one example).
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