Apple Watch update intentionally changed how the device tracks your heart rate34
You can get around this by starting an activity in the Workout app because after all, you have to be moving in order to exercise. In this mode, a user's heart rate will be measured every ten seconds. Or, you can use the heart rate Glance to see your beats while you are in motion.
Some Apple Watch owners are complaining that their wearable is losing functionality this way. Those complaining had figured that their heart rate was being tracked without any issues. There is speculation that Apple changed the functionality of the heart rate tracker on the Apple Watch as a way to extend the battery life of the device. Apple Watch owners upset about the change say that they never had a problem with how long the battery lasted in the first place.
source: Apple, 9to5Mac via Engadget