Is night UTC, European countries good time to trade crypto?

Hey everyone, I’ve been watching the charts lately and noticed that things get really interesting around 23:00 UTC (European nighttime). I’ve seen some pretty "nice" moves and volatility starting exactly at that hour.

I’m still fairly new to this, so I have a few questions for the veterans here:

1.Is this the Asia Open? I noticed that's when the volume seems to spike again after the US close. Is it Tokyo/Singapore waking up, or just the Daily Candle close?

2.Liquidity vs. Volatility: I’ve heard people say this is a "low liquidity" time. Does that mean these moves are often "fakeouts" (bull traps/bear traps), or are they reliable trends?

3.Leaving positions overnight: Is it a suicide mission to leave a position open at this hour with a stop-loss, or do you guys find the Asian session stable enough to trade?

I’m based in Europe, so this is late for me. I like the price action, but I don't want to get "whipsawed" while I'm sleeping.

Any advice or experiences with this specific time window would be much appreciated!?