Crypto commentator Matthew Hyland has questioned the importance of Bitcoin (BTC) balances on exchanges, as 140,000 BTC from the defunct Mt. Gox exchange are set for release. Hyland argues that the correlation between supply fluctuations and BTC price performances is "overrated". Data from Glassnode shows that the total number of coins currently available for purchase is at a multi-year low. The bankruptcy proceedings of Mt. Gox, which involve nearly $9 billion worth of BTC, are due to end in July. The impact of this release on the market is a topic of debate among experts.