Just an FYI that my SHBG seems to go lower when I have more middle-of-the-road total T levels compared to high ones. The reason? Possibly because glucocorticoids lower SHBG. Which means that if TRT lowers cortisol, you should conceivable have lower SHBG with middle levels and higher SHBG (as your cortisol goes down more) with higher levels. Screwy.