I would say it would depend upon what exactly the mechanic of the bottle is. If it is a monster trapped inside the bottle, then the bottle would exude some kind of trapping aura, such as abjuration. Abjuration is a fairly common aura for a potion, so I don't see why this would raise questions in the wizard's mind.
If the opening of the bottle triggers a conjuration spell, then it would of course show an aura of conjuration. Conjuration is probably the most common aura for a potion, so it would most likely be assumed that it is some sort of unique healing potion by the wizard under the board.
As for how identify works, I would have to say that the RAW indicates you have to put your pinky into the bottle to touch the liquid. I'd say that the caster would choose not to discharge identify until their finger was touching the magical liquid (or gas, in this case), and thus they would identify the bottle, but not before it was already too late. The trapped monster would have escaped at that point, and the wizard would probably take the true nature of the bottle to his grave.