Recently, while reviewing trading records, I noticed a quite strange phenomenon: during the daytime monitoring, assets like ETH, XRP, and ZEC either drift downward or trade sideways, frustrating traders. It's hard to make more than a couple of points, and then they get knocked back down. But once it hits late night and early morning, the market suddenly comes alive, with price surges doubling or more, leaving people stunned.

Later, I researched global trading data and indeed found some insights. Traders in Asia are generally more conservative, with a high proportion of retail investors, leading to heavy short-term profit-taking pressure, which keeps prices from rising during the day. When European and American institutions start their work hours, genuine capital begins to enter the market, and the momentum becomes noticeably different.

More importantly, the time difference causes information asymmetry. Key market-moving news like Federal Reserve policies, SEC regulatory updates, and comments from Wall Street bigwigs are mostly released during Western trading hours. Once these news hits the market, combined with high liquidity periods, the market often takes off immediately.

There's also a technical reason: quantitative bots and large traders prefer to operate at night. When liquidity is ample, they can push prices up more efficiently, with smaller slippage and controlled costs. That's why we often see sudden volume surges around 2 or 3 a.m.

But, on the other hand, the market isn't foolproof. Once the "rise at night" becomes a consensus, the chances of reverse trapping and harvesting increases significantly. I've personally suffered from this—watching ETH steady before bed, only to wake up and find my stop-loss triggered.

So, my advice to everyone is: don’t focus solely on time periods, and always combine technical analysis with news sentiment. Especially pay attention to policy shifts in the US. Leverage trading requires extra caution; big swings at night can easily wipe out your account if you're not careful.

Markets follow patterns, but these patterns can also be exploited. Staying alert is more important than chasing hot spots.

(Markets carry risks. The above is only personal observation and not investment advice.)