As Bakkt Bitcoin Futures Hit ATH, BTC Jumped 11%. Coincidence?

Bakkt officially confirmed that its bitcoin futures volume achieved a new record high on December 19 at 6,226 contracts. In USD terms, that is about $44 million on a single day.Yesterday we set a new volume record:
6,226 physically delivered Bakkt Bitcoin Futures contracts traded at ICE Futures U.S.
— Bakkt (@Bakkt) December 19, 2019Around the same period, the bitcoin price spiked to more than $7,400 across major cryptocurrency exchanges like BitMEX and Binance.
Was it a coincidence?
On a