Market Data

Avg 30D Trading Vol

Average daily dollar volume traded over the last 30 days.

What the term means

Avg 30D Trading Vol is the average daily USD notional value of a company’s shares traded over the most recent 30 trading sessions. It smooths one-off spikes into a reliable liquidity baseline so you can tell whether a name routinely clears $4.12 billion, $187 million, or $9.4 million each day.

The formula is simple: sum the dollar volume from the past 30 market days and divide by 30. Because it only counts active sessions, the number updates continually on terminals and dashboards while ignoring weekends and market holidays.

Why the term matters for Bitcoin treasury companies

True institutional-grade liquidity gauge

$1 billion+ average daily dollar volume lets institutions enter or exit $50 million–$200 million positions with minimal slippage. Sub-$100 million averages push those same trades into 5–20% price impact, effectively locking out size allocators.

Capital-raising capacity ceiling

ATM programs, block trades, and convertibles are sized off the trailing 30-day average. A treasury printing $3–$5 billion per day can raise $500 million–$1 billion almost painlessly; a sub-$100 million average caps raises to rounding errors and slows stacking.

Options market sustainability

Deep average volume is the prerequisite for $20 billion–$60 billion options books. Without it, weekly expirations, tight spreads, and the gamma fireworks that define the sector never materialize.

Gamma resilience across cycles

A thick 30-day baseline keeps dealer hedging flows alive even when headlines quiet down. It prevents liquidity droughts that crush implied volatility and mNAV premiums during slow periods.

Index and ETF inclusion requirement

Many benchmark products require $100 million–$500 million in 30-day average volume before admission. Clearing those hurdles unlocks automatic, sticky inflows from ETFs and passive mandates.

Comparative execution efficiency

Leaderboards rank treasuries by Avg 30D Trading Vol alongside mNAV and BTC-per-share growth. The highest averages correlate with the fastest stackers because they can deploy capital immediately at scale.

Shock absorption during volatility

When BTC sells off, treasuries averaging $2 billion+ a day maintain liquidity and premiums far better than thin names. Low averages translate into gapping spreads, halted raises, and cascading premium compression.

Narrative and mindshare amplifier

Sustained multi-billion-dollar averages dominate headlines (“trades more than Tesla”), cementing a ticker as the go-to corporate Bitcoin vehicle and reinforcing the flywheel of visibility, flows, and premium expansion.

Bottom line

Avg 30D Trading Vol is the smoothed liquidity backbone separating institution-ready treasury machines from illiquid experiments. Higher sustained averages enable larger raises, deeper derivatives markets, and cycle-proof resilience—the difference between a compounding flywheel and a sideshow.

How BitcoinQuant incorporates it

We compute the 30-day average from consolidated trade and VWAP feeds—Average of (VWAP × shares traded) over the last 30 sessions. Non‑USD listings are FX‑converted to USD using daily rates so all values are comparable. The metric powers liquidity leaderboards, ATM capacity models, and alerts when a treasury breaks through $100 million, $1 billion, or $5 billion in sustained daily volume.