In the initial stages of the third quarter of 2024, the number of global Bitcoin Automated Teller Machines (ATMs) showed a clear downward trend. According to data provided by Coin ATM Radar, the device count decreased by 435 units in July and an additional 182 units in August, resulting in a cumulative decrease of 617 units. Notably, the US market stood out, with a net reduction of 669 devices over the two months, accounting for 108.4% of the global decline. This phenomenon has attracted widespread attention from both the industry and the public, leading to varied interpretations about the future prospects of Bitcoin and the cryptocurrency market.