The record
What Morrow found on real weekends, then every promise it seals and grades.
Simulated loans, real prices
Across 20 real weekends, loans opened at 74%: 1,805 margin calls without Morrow, 0 with Morrow.
- Without Morrow
- 1,805
- With Morrow
- 0
- Paid down to get there
- 14.8%
- of the debt
Loans opened at 65% (weekend risk alone): 18 margin calls without Morrow, 1 with, at 0.41% of the debt.
183 stock tokens, real Bitget hourly prices, replay run Oct 5, 2026.
Counted under both ways Bitget may value backing while the market is closed. At 74% much of the cost is paying down at the start, so the 65% row is the clearer test.
Sealed promises
Sealed an hour before each closure, graded thirty minutes after the reopen.
Download the log
Every decision: time, loan, direction, price, quantity, balance change and the reason. Each row says simulated or live.
Simulated
History replay
Real Bitget prices. Simulated loans. Run on Oct 5, 2026.
Earlier period (rules were set here)
14 closures · 182 stock tokens · simulated
| Loan starts at | Loans | Margin calls without Morrow | With Morrow | Paid down |
|---|---|---|---|---|
| 65% | 5,034 | 11 | 0 | 0.34% of debt |
| 70% | 5,034 | 87 | 0 | 9.86% of debt |
| 74% | 5,034 | 1,153 | 0 | 14.73% of debt |
Most recent weeks (out-of-sample test)
6 closures · 183 stock tokens · simulated
| Loan starts at | Loans | Margin calls without Morrow | With Morrow | Paid down |
|---|---|---|---|---|
| 65% | 2,196 | 7 | 1 | 0.58% of debt |
| 70% | 2,196 | 95 | 0 | 10.09% of debt |
| 74% | 2,196 | 652 | 0 | 14.93% of debt |
- A simulated loan that starts at or above the trigger level is paid down at the start of every closure, whatever the weekend does. Read the 65% rows for protection against weekend risk alone; the 70% and 74% rows mostly show the cost of holding a loan that close to the margin-call level.
- The replay trust check uses traded volume and move size from hourly candles. The live check also uses spread, depth and last-trade age, which are not available for past hours.
- Closures start on 1 January 2026, the first year the stored official calendar covers. The number of closures behind each figure is shown with it.
Download the report · How it was made
Closures from the official NYSE calendar, read Oct 5, 2026.