Here is my take on your question.
BG is related to expenditure and intake/production/storage of it.
I will note I am american so I don’t understand outside mmol so much, but my understanding is you are starting on the high end and ending normal to high(for carb burners) in this example. Also the time frame is somewhat relevant as well as IR levels and normal resting glucose levels.
Given you are not saying that there is a expenditure you are always using a basal amount, if you are ketogenic or not. In your example you show BG going up(presumably from intake of carbs) then down over time below a basal level(also presumed), that can be from one of 3 things happening.
1st you are using the glucose for work in your cells, nothing strange here happens 24/7, if that is because of increase in output(exercise for instance) then there most likely is not a gigantic spike in insulin. Your intake of glucose was probably small or very slow acting carbs. If you are fully ketogenic typically this means very little, the spike may have shut off keytone production briefly until the levels stabilize agian. This would be more along the lines of carb loading before a work out.
2nd you are trying to store the glucose because the level has reached a point a which you are no longer safely using it, now you will see a spike in insulin to clamp it down and store it. This will in invoke liponeogenosis, and shut down keytone production if it was working. This would be the classic store the fat mechanism. The example you are showing seems most like this model. This would have involved recent intake of carbs as well I would say more like a typical meal of a high carb diet.
3rd you are not in taking any external glucose(in the form of carbs) but have had sudden demand in glucose(this would not be a typical ketogenic person) via exercise or hormones. So now you are invoking the liver to release glucose into the blood stream, and increase gluconeogensis, however this is typically regulated and should not reach a point to were insulin clamps down and starts up fat storage process. This is were the time frame is relevant as this would be a very short time frame. This is were IR may come into play with some people though and were the basal amount is important. For me this would be a horrible spike, as I am near 4.0 on that scale most of the time, for my diabetic dad it would be actually fairly low spike.
As others have said both insulin and glucose are related to major diseases keeping them low is beneficial long term.