now when talking about why Loki is transgender I could go on for hours. like for starters look at her
her summer uniform has big naturals and you can't unsee it now. but anyways just LOOK AT HER no one is looking at that and thinking ah yes. cishet man. like not to profile but congrats queen I'm glad the estrogen's working out for you.
anyways she is also transgender because she said so herself. before the game came out they published promo short stories in dengeki girls' style (the magazine) and although I do not have the full story I DO!! have an incomplete translation of it + a summary and she full on says that the world would be a better place if she was born a girl like ok girl. I know what you are.
but alsooooo from a thematic point of view she has transgender vibes but in a way which contrasts Baldr's vibes like. Loki is ostracized and feels like everyone hates her because a lot of people to. everyone loves Baldr, but in a superficial and fake way, and he knows there are things inside him which will change how everyone will view him if they knew. and sometimes being trans feels like having to choose between the two, either you gotta live a fake life or you gotta risk losing people close to you.
Baldr is intersex transmasc 2 me. I have no evidence for this and I do not need evidence for this because I am right about everything all the time.