@SoKal I‘m a bit of an exercise junkie. I really enjoy pushing my body and getting into that zone. Up until a few years ago I was a competitive long distance runner. I don’t run long distances anymore, in fact I don’t run, but I do exercise. I do strenuous mountain hikes pushing my heart rate up.
During these strenuous hikes I can easily use up all my liver’s glycogen stores and go very low. It doesn't have to be immediate it can happen an hour or so later. Now I’m not on a keto diet, nor am I on a very low diet. I carry fast acting sugar with me, in case I should go low. So Diminished glycogen stores is one reason.
Another reason May be down to the release of Pyruvate. Pyruvic acid is produced at the end of the glycolysis process. In short pyruvate is the product of the metabolization of glucose .
When you push hard the demands on your metabolic system increases dramatically, but you likely know that being a club cyclist. In an anaerobic state your body needs a lot of energy fast. While in this anaerobic state your body produces pyruvate this is then converted to lactate. As you are anaerobic, that is you are not getting enough oxygen , your body will then use this lactic acid as energy. Lactate can be used for energy without the need for oxygen.
Now some people, with a particular genetic variant, will respond to the release of pyruvate with insulin. Their bodies start secreting insulin in response to pyruvate. At some point your blood sugar will drop and you will become hypoglycaemic.
There may be other reasons , but these are two of them.
I’m not suggesting you have either of these, simply these are two reasons for EIHI- Exercise-Induced hyperinsulinism.
Sorry it’s a bit wordy.