MSTR futures open interest rose 5% over the last two sessions, a signal of building speculative activity likely tied to Bitcoin’s volatility spike. What's particularly striking is how Ethereum has managed to remain one step ahead of Bitcoin over that time period, aside from a nasty dip earlier this year, when the price of Ethereum absolutely nose-dived. Admittedly, past performance is no guarantee of future results. So, I don't really know how either Bitcoin's or Ethereum's performance will look over the next five years, but they may be a lot closer than many people realize. Traders warn MSTR futures’ correlation with Bitcoin remains above 0.8, meaning any sharp BTC price movement can heavily influence futures swings, potentially magnifying both upside and downside risk. Technical strategists emphasize the importance of the $1,280 level in MSTR futures; a decisive close above could unlock higher price targets in the $1,350–$1,380 range.