By severing perceptual ties with the outside world, not only do we lose our sense of consciousness (explaining why we do not dream in deep NREM sleep, nor do we keep explicit track of time), this also allows the cortex to “relax” into its default mode of functioning. That default mode is what we call deep slow-wave sleep. It is an active, deliberate, but highly synchronous state of brain activity. It is a near state of nocturnal cerebral meditation, though I should note that it is very different from the brainwave activity of waking meditative states.
