No idea what it really means but you aren't alone, it happens in some people without diabetes and researchers don't know why either.
A study gave a group of people an OGTT
http://care.diabetesjournals.org/content/26/4/1026.long
They were non diabetic, and glucose intolerant (
but not people with diabetes)
They found 2 glucose curve shapes.
“monophasic” when plasma glucose increased after an oral glucose load to the maximum after 30–90 min and decreased until 120 min with a final downward move of at least 0.25 mmol/l between 90 and 120 min.
and
“Biphasic.” Glucose shapes that reached a nadir (low point)after an initial increase and increased again >0.25 mmol/l until 120 min
These people weren't diabetic . Their glucose levels typically reached 150mg/l at 30 min, declined to 80mg/l at 90 min and rose again to 115-120mg/dl at 120min.(figures estimated from fig 2in the paper).
They had also had a glucose challenge rather than a low carb meal . The fall in many was far greater than the one you are seeing but yours (just) comes within the definition.
They gave some possible explanations including amount of insulin.
The insulin concentrations (Fig. 2B) have a shape very similar to that of the glucose curve. It appears that they are a consequence rather than a cause of the glucose concentrations, although this is ultimately difficult to assess.
ie the insulin ,as is to be expected was released after the rise in the glucose; the
amount of insulin was measured and compared to the overall amount of glucose and this didn't appear to depend on the shape .
Other possibilities were : stomach emptying (didn't test), some involvement of the liver (lower fasting glucagon in those with bi phasic peaks), genes/gender (more females; some weak genetic associations)
All in all
they didn't know why some people had biphasic curves . (needs further research) but one might think that these people were perhaps on the way to glucose intolerance but this doesn't necessarily seem to be the case.
"Subjects with a biphasic shape had significantly lower age, BMI, waist-to-hip ratio (WHR), HbA1c, plasma glucose, and area under the insulin curve (insulinAUC) and a better estimated insulin sensitivity and secretion (using validated indexes) than monophasic subjects'