I guess for me I am so preoccupied with the fact I'm bleeding profusely I don't have too much time to feel dysphoric? The cramps are what do make me dysphoric, though. In my head I kind of treat periods as just a medical condition almost, and it just so happens a lot of women know what it's like.
Also the fact that you're bleeding nonstop for days straight is pretty metal. I don't see bleeding as either masculine or feminine, just that if you're dealing with it, you're much more of a trooper than the rest of the population. When it comes to cramps, though, I just have to preoccupy myself with other things, and usually the pain I am can outweigh my gender dysphoria. I have to pep talk myself a lot.