CT has much more to do with increasing AMPK than mTor. In that respect, it's still very relevant.
The hormone question isn't that relevant. CT revolves around BAT. Estrogen increases BAT (this is 100% expected), DHT lowers it (likely 5-AR inhibited), testosterone appears neutral, so with CT you get roughly +/-/variable estrogen/DHT/test. Homeostatis over time (less related to acute exposure) might be something else. Estrogen can actually contribute to muscles too.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4392498/
https://www.ncbi.nlm.nih.gov/pubmed/1621488
http://www.endocrine-abstracts.org/ea/0037/ea0037gp.09.07.htm
https://www.hindawi.com/journals/ije/2012/789653/
The hormone question isn't that relevant. CT revolves around BAT. Estrogen increases BAT (this is 100% expected), DHT lowers it (likely 5-AR inhibited), testosterone appears neutral, so with CT you get roughly +/-/variable estrogen/DHT/test. Homeostatis over time (less related to acute exposure) might be something else. Estrogen can actually contribute to muscles too.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4392498/
https://www.ncbi.nlm.nih.gov/pubmed/1621488
http://www.endocrine-abstracts.org/ea/0037/ea0037gp.09.07.htm
https://www.hindawi.com/journals/ije/2012/789653/