> Obesity was also not controlled for, which is known to be strongly correlated with low testosterone.
Fat directly converts testosterone to Estrogen via a process called aromatization.
Personally my Testosterone close to doubled when going from 25% bodyfat to 13%. I get blood tests regularly and can see the levels fluctuate pretty closely with fat levels
[1]https://www.cremieux.xyz/p/why-are-testosterone-levels-risin...