Most likely some water loss as well. I'd have to go dig through some of my med texts to see if there is any detailed discussion of burn rates across macros. Intuitively it is argued that fasted cardio is better at targeting fat due to little or no stored glycogen as a fuel source, but I've seen others argue that with HIIT cardio, non fasted exercise programs are just as effective at burning fat and
some have argued that its a safer approach due to reduced catabolic events.
I'm sure one of our nutritional gurus will jump all over this shortly. I'm trying to recall the members that advocated non-fasted cardio over fasted cardio. One is a long standing member but I can't recall who.
