diff --git a/cmd/ingestor/db.go b/cmd/ingestor/db.go
index 6e275e9e..e46b2847 100644
--- a/cmd/ingestor/db.go
+++ b/cmd/ingestor/db.go
@@ -363,6 +363,40 @@ func applySchema(db *sql.DB) error {
 		log.Println("[migration] observations timestamp index created")
 	}
 
+	// #1481 P0-3: covering index for GetObserverPacketCounts. The query
+	// joins observations → observers and GROUP BYs observer_idx with a
+	// timestamp WHERE filter; a composite (observer_idx, timestamp)
+	// index lets SQLite resolve the grouping + range filter from the
+	// index alone instead of a 1.9M-row scan.
+	row = db.QueryRow("SELECT 1 FROM _migrations WHERE name = 'obs_observer_ts_idx_v1'")
+	if row.Scan(&migDone) != nil {
+		log.Println("[migration] Adding (observer_idx, timestamp) composite index on observations...")
+		db.Exec(`CREATE INDEX IF NOT EXISTS idx_observations_observer_idx_timestamp ON observations(observer_idx, timestamp)`)
+		db.Exec(`INSERT INTO _migrations (name) VALUES ('obs_observer_ts_idx_v1')`)
+		log.Println("[migration] observations(observer_idx, timestamp) index created")
+	}
+
+	// #1483: normalize nodes.public_key to lowercase. The server's
+	// GetNodeLocationsByKeys lookup dropped LOWER(public_key) for perf
+	// (#1481 P0-3) and now relies on stored keys being lowercase. The
+	// decoder writes lowercase today, but legacy/admin/API inserts may
+	// have left mixed-case rows. Idempotent: counts and lowers any
+	// non-lowercase rows on every boot, runs once via _migrations gate
+	// for the bulk fix. Re-running stays cheap because subsequent
+	// passes match zero rows.
+	if r := db.QueryRow("SELECT COUNT(*) FROM nodes WHERE public_key != lower(public_key)"); r != nil {
+		var n int64
+		_ = r.Scan(&n)
+		if n > 0 {
+			log.Printf("[migration] Normalizing %d nodes.public_key row(s) to lowercase (#1483)...", n)
+			if _, err := db.Exec(`UPDATE nodes SET public_key = lower(public_key) WHERE public_key != lower(public_key)`); err != nil {
+				log.Printf("[migration] public_key lowercase normalize failed: %v", err)
+			} else {
+				log.Printf("[migration] public_key lowercase normalize complete (%d rows)", n)
+			}
+		}
+	}
+
 	// observer_metrics table for RF health dashboard
 	row = db.QueryRow("SELECT 1 FROM _migrations WHERE name = 'observer_metrics_v1'")
 	if row.Scan(&migDone) != nil {
diff --git a/cmd/ingestor/public_key_lowercase_migration_test.go b/cmd/ingestor/public_key_lowercase_migration_test.go
new file mode 100644
index 00000000..160ab4aa
--- /dev/null
+++ b/cmd/ingestor/public_key_lowercase_migration_test.go
@@ -0,0 +1,63 @@
+package main
+
+import (
+	"database/sql"
+	"strings"
+	"testing"
+)
+
+// #1483: server's GetNodeLocationsByKeys lookup relies on stored
+// public_key being lowercase (LOWER(public_key) was dropped for perf).
+// The ingestor must normalize any legacy uppercase rows on boot so
+// the lookup remains correct.
+func TestPublicKeyLowercaseNormalizationMigration(t *testing.T) {
+	dbPath := tempDBPath(t)
+	s, err := OpenStore(dbPath)
+	if err != nil {
+		t.Fatalf("first OpenStore: %v", err)
+	}
+	// Seed an uppercase row directly, bypassing UpsertNode's lowercase.
+	if _, err := s.db.Exec(
+		`INSERT INTO nodes (public_key, name, role, last_seen, first_seen)
+		 VALUES ('AABBCCDDEEFF11223344', 'mixed-case-node', 'companion', '2026-01-01T00:00:00Z', '2026-01-01T00:00:00Z')`,
+	); err != nil {
+		t.Fatalf("seed uppercase row: %v", err)
+	}
+	// Sanity: verify the uppercase row is there pre-normalization.
+	var pk string
+	if err := s.db.QueryRow(`SELECT public_key FROM nodes WHERE public_key = 'AABBCCDDEEFF11223344'`).Scan(&pk); err != nil {
+		t.Fatalf("pre-check select: %v", err)
+	}
+	if pk != "AABBCCDDEEFF11223344" {
+		t.Fatalf("pre-check: expected uppercase, got %s", pk)
+	}
+	s.Close()
+
+	// Reopen — the boot-time migration should normalize the row.
+	s2, err := OpenStore(dbPath)
+	if err != nil {
+		t.Fatalf("reopen: %v", err)
+	}
+	defer s2.Close()
+
+	// The uppercase row should be gone.
+	var still int
+	if err := s2.db.QueryRow(`SELECT COUNT(*) FROM nodes WHERE public_key = 'AABBCCDDEEFF11223344'`).Scan(&still); err != nil {
+		t.Fatalf("post-check uppercase count: %v", err)
+	}
+	if still != 0 {
+		t.Fatalf("expected 0 uppercase rows after migration, got %d", still)
+	}
+	// The lowercase form should match.
+	var lower string
+	err = s2.db.QueryRow(`SELECT public_key FROM nodes WHERE public_key = 'aabbccddeeff11223344'`).Scan(&lower)
+	if err == sql.ErrNoRows {
+		t.Fatalf("expected lowercase row to exist after migration")
+	}
+	if err != nil {
+		t.Fatalf("post-check lowercase select: %v", err)
+	}
+	if lower != strings.ToLower("AABBCCDDEEFF11223344") {
+		t.Fatalf("got %s, want lowercase form", lower)
+	}
+}
diff --git a/cmd/server/config.go b/cmd/server/config.go
index 92f0ce23..557f76b7 100644
--- a/cmd/server/config.go
+++ b/cmd/server/config.go
@@ -112,6 +112,9 @@ type Config struct {
 	ResolvedPath  *ResolvedPathConfig  `json:"resolvedPath,omitempty"`
 	NeighborGraph *NeighborGraphConfig `json:"neighborGraph,omitempty"`
 
+	// Observers cache settings (#1481 P0-3 / #1483).
+	ObserversCache *ObserversCacheConfig `json:"observersCache,omitempty"`
+
 	// Analytics steady-state background recompute (issue #1240).
 	Analytics *AnalyticsConfig `json:"analytics,omitempty"`
 
@@ -189,6 +192,21 @@ type ResolvedPathConfig struct {
 type NeighborGraphConfig struct {
 	MaxAgeDays int     `json:"maxAgeDays"` // edges older than this are pruned (default 5)
 	MaxEdgeKm  float64 `json:"maxEdgeKm"`  // geo-implausibility threshold (km); 0 = default 500; negative disables (#1228)
+
+	// CacheRecomputeIntervalSeconds: cadence for the background
+	// recomputer that rebuilds the default-shape neighbor-graph
+	// response (#1481 P0-1). 0/missing = default 300 (5 min).
+	// Lower = fresher data, more CPU per minute. #1483.
+	CacheRecomputeIntervalSeconds int `json:"cacheRecomputeIntervalSeconds,omitempty"`
+}
+
+// ObserversCacheConfig controls the /api/observers default-shape cache.
+// #1481 P0-3 / #1483.
+type ObserversCacheConfig struct {
+	// TTLSeconds: how long the cached default-shape /api/observers
+	// response is served before a singleflight-collapsed refill.
+	// 0/missing = default 30. Lower = fresher data, more SQL pressure.
+	TTLSeconds int `json:"ttlSeconds,omitempty"`
 }
 
 // PacketStoreConfig controls in-memory packet store limits.
diff --git a/cmd/server/db.go b/cmd/server/db.go
index e7d2678d..aa1b8aa2 100644
--- a/cmd/server/db.go
+++ b/cmd/server/db.go
@@ -1998,7 +1998,10 @@ func (db *DB) GetNodeLocationsByKeys(keys []string) map[string]map[string]interf
 		placeholders[i] = "?"
 		args[i] = strings.ToLower(k)
 	}
-	query := "SELECT public_key, lat, lon, role FROM nodes WHERE LOWER(public_key) IN (" + strings.Join(placeholders, ",") + ")"
+	// #1481 P0-3: drop LOWER(public_key) — that wrap is non-sargable and
+	// forces a full scan. Nodes are stored lowercase already; we lowercase
+	// args in Go above so a plain IN matches the index on public_key.
+	query := "SELECT public_key, lat, lon, role FROM nodes WHERE public_key IN (" + strings.Join(placeholders, ",") + ")"
 	rows, err := db.conn.Query(query, args...)
 	if err != nil {
 		return result
diff --git a/cmd/server/go.mod b/cmd/server/go.mod
index 777d101e..eb801bd5 100644
--- a/cmd/server/go.mod
+++ b/cmd/server/go.mod
@@ -36,6 +36,7 @@ require (
 	github.com/mattn/go-isatty v0.0.20 // indirect
 	github.com/ncruces/go-strftime v0.1.9 // indirect
 	github.com/remyoudompheng/bigfft v0.0.0-20230129092748-24d4a6f8daec // indirect
+	golang.org/x/sync v0.10.0 // indirect
 	golang.org/x/sys v0.22.0 // indirect
 	modernc.org/libc v1.55.3 // indirect
 	modernc.org/mathutil v1.6.0 // indirect
diff --git a/cmd/server/go.sum b/cmd/server/go.sum
index 537897d5..45b74210 100644
--- a/cmd/server/go.sum
+++ b/cmd/server/go.sum
@@ -16,6 +16,8 @@ github.com/remyoudompheng/bigfft v0.0.0-20230129092748-24d4a6f8daec h1:W09IVJc94
 github.com/remyoudompheng/bigfft v0.0.0-20230129092748-24d4a6f8daec/go.mod h1:qqbHyh8v60DhA7CoWK5oRCqLrMHRGoxYCSS9EjAz6Eo=
 golang.org/x/mod v0.16.0 h1:QX4fJ0Rr5cPQCF7O9lh9Se4pmwfwskqZfq5moyldzic=
 golang.org/x/mod v0.16.0/go.mod h1:hTbmBsO62+eylJbnUtE2MGJUyE7QWk4xUqPFrRgJ+7c=
+golang.org/x/sync v0.10.0 h1:3NQrjDixjgGwUOCaF8w2+VYHv0Ve/vGYSbdkTa98gmQ=
+golang.org/x/sync v0.10.0/go.mod h1:Czt+wKu1gCyEFDUtn0jG5QVvpJ6rzVqr5aXyt9drQfk=
 golang.org/x/sys v0.6.0/go.mod h1:oPkhp1MJrh7nUepCBck5+mAzfO9JrbApNNgaTdGDITg=
 golang.org/x/sys v0.22.0 h1:RI27ohtqKCnwULzJLqkv897zojh5/DwS/ENaMzUOaWI=
 golang.org/x/sys v0.22.0/go.mod h1:/VUhepiaJMQUp4+oa/7Zr1D23ma6VTLIYjOOTFZPUcA=
diff --git a/cmd/server/main.go b/cmd/server/main.go
index 2fdc1a1f..2474afd1 100644
--- a/cmd/server/main.go
+++ b/cmd/server/main.go
@@ -318,6 +318,19 @@ func main() {
 	defer stopAnalyticsRecomp()
 	log.Printf("[analytics-recompute] background recompute enabled (default=%s)", cfg.AnalyticsDefaultRecomputeInterval())
 
+	// #1481 P0-1: background recomputer for the default-shape
+	// /api/analytics/neighbor-graph response (5 min cadence). Reads
+	// hit an atomic pointer; the rebuild path no longer runs on the
+	// request goroutine for the common filter shape.
+	stopNeighborGraphCache := make(chan struct{})
+	ngInterval := neighborGraphCacheInterval
+	if cfg.NeighborGraph != nil && cfg.NeighborGraph.CacheRecomputeIntervalSeconds > 0 {
+		ngInterval = time.Duration(cfg.NeighborGraph.CacheRecomputeIntervalSeconds) * time.Second
+	}
+	srv.startNeighborGraphRecomputer(ngInterval, stopNeighborGraphCache)
+	defer close(stopNeighborGraphCache)
+	log.Printf("[neighbor-graph-cache] background recompute enabled (interval=%s)", ngInterval)
+
 	// Steady-state repeater-enrichment recomputer (issue #1262).
 	// Prewarms the bulk caches feeding handleNodes so the very first
 	// /api/nodes?limit=2000 from live.js's SPA bootstrap hits a
diff --git a/cmd/server/neighbor_api.go b/cmd/server/neighbor_api.go
index 3cca7fcf..fa6c50dd 100644
--- a/cmd/server/neighbor_api.go
+++ b/cmd/server/neighbor_api.go
@@ -236,6 +236,54 @@ func (s *Server) handleNeighborGraph(w http.ResponseWriter, r *http.Request) {
 	region := r.URL.Query().Get("region")
 	roleFilter := strings.ToLower(r.URL.Query().Get("role"))
 
+	// #1481 P0-1: serve the default-shape request from the atomic-pointer
+	// snapshot maintained by the background recomputer (5 min cadence).
+	// Default shape: minCount=5, minScore=0.1, no region, no role.
+	if minCount == 5 && minScore == 0.1 && region == "" && roleFilter == "" {
+		if raw, age, ok := s.loadNeighborGraphCacheBytes(); ok {
+			w.Header().Set("Content-Type", "application/json")
+			w.Header().Set("X-Cache-Age-Seconds", cacheAgeSecondsHeader(age))
+			w.Write(raw)
+			return
+		}
+	}
+	// #1483: also serve the (minCount=1, minScore=0) shape from cache —
+	// that's what the analytics UI tab fetches so it can client-side
+	// slider over the full edge set. Without this branch the user-
+	// visible analytics tab still hit the cold compute path.
+	if minCount == 1 && minScore == 0 && region == "" && roleFilter == "" {
+		if raw, age, ok := s.loadNeighborGraphCacheBytesUnfiltered(); ok {
+			w.Header().Set("Content-Type", "application/json")
+			w.Header().Set("X-Cache-Age-Seconds", cacheAgeSecondsHeader(age))
+			w.Write(raw)
+			return
+		}
+	}
+
+	resp := s.computeNeighborGraphResponseDispatch(minCount, minScore, region, roleFilter)
+	w.Header().Set("Content-Type", "application/json")
+	json.NewEncoder(w).Encode(resp)
+}
+
+// computeNeighborGraphResponseDispatch routes to the test-injected
+// function when set, otherwise to the real pipeline. #1483 follow-up.
+func (s *Server) computeNeighborGraphResponseDispatch(minCount int, minScore float64, region, roleFilter string) NeighborGraphResponse {
+	if s.computeNeighborGraphResponseFn != nil {
+		return s.computeNeighborGraphResponseFn(minCount, minScore, region, roleFilter)
+	}
+	return s.computeNeighborGraphResponse(minCount, minScore, region, roleFilter)
+}
+
+// buildDefaultNeighborGraphResponse builds the default-shape response
+// used by the #1481 P0-1 recomputer. Goes through the dispatch so test
+// hooks can inject failures (#1483 follow-up).
+func (s *Server) buildDefaultNeighborGraphResponse() NeighborGraphResponse {
+	return s.computeNeighborGraphResponseDispatch(5, 0.1, "", "")
+}
+
+// computeNeighborGraphResponse does the full graph build + filter + score
+// pipeline previously inlined in handleNeighborGraph.
+func (s *Server) computeNeighborGraphResponse(minCount int, minScore float64, region, roleFilter string) NeighborGraphResponse {
 	graph := s.getNeighborGraph()
 	allEdges := graph.AllEdges()
 	now := time.Now()
@@ -349,7 +397,7 @@ func (s *Server) handleNeighborGraph(w http.ResponseWriter, r *http.Request) {
 		avgCluster = float64(len(filteredEdges)*2) / float64(len(nodes))
 	}
 
-	resp := NeighborGraphResponse{
+	return NeighborGraphResponse{
 		Nodes: nodes,
 		Edges: filteredEdges,
 		Stats: GraphStats{
@@ -360,9 +408,6 @@ func (s *Server) handleNeighborGraph(w http.ResponseWriter, r *http.Request) {
 			RejectedEdgesGeoFar: atomic.LoadUint64(&graph.RejectedEdgesGeoFar),
 		},
 	}
-
-	w.Header().Set("Content-Type", "application/json")
-	json.NewEncoder(w).Encode(resp)
 }
 
 // ─── Helpers ───────────────────────────────────────────────────────────────────
diff --git a/cmd/server/neighbor_graph_cache.go b/cmd/server/neighbor_graph_cache.go
new file mode 100644
index 00000000..319af56b
--- /dev/null
+++ b/cmd/server/neighbor_graph_cache.go
@@ -0,0 +1,155 @@
+package main
+
+import (
+	"bytes"
+	"encoding/json"
+	"log"
+	"runtime/debug"
+	"strconv"
+	"sync/atomic"
+	"time"
+)
+
+// #1481 P0-1: cached default-filter neighbor-graph response.
+//
+// The /api/analytics/neighbor-graph handler does graph build + per-edge
+// score + filter + ~900KB JSON marshal on every request. The default
+// (no-region, no-role, minCount=5, minScore=0.1) shape covers the
+// overwhelming majority of organic traffic; cache the fully-built AND
+// pre-marshaled response so warm reads are a single Write. Recomputed
+// every 5 minutes in the background — never on the hot path.
+
+const neighborGraphCacheInterval = 5 * time.Minute
+
+// neighborGraphCacheEntry holds both the response struct (kept for
+// tests / structured access) and the pre-marshaled bytes that the
+// handler writes verbatim.
+type neighborGraphCacheEntry struct {
+	resp NeighborGraphResponse
+	json []byte
+	at   time.Time
+}
+
+type neighborGraphCacheField struct {
+	ptr atomic.Pointer[neighborGraphCacheEntry]
+	// unfiltered = the (minCount=1, minScore=0, no region/role) shape
+	// the analytics tab actually hits. Cached separately so the UI
+	// tab also benefits from the warm path; client-side sliders then
+	// filter from full data. #1483 follow-up to perf claim.
+	unfilteredPtr atomic.Pointer[neighborGraphCacheEntry]
+}
+
+// startNeighborGraphRecomputer launches a background goroutine that
+// rebuilds the default-shape response every interval. Returns when
+// the stop channel is closed.
+func (s *Server) startNeighborGraphRecomputer(interval time.Duration, stop <-chan struct{}) {
+	if interval <= 0 {
+		interval = neighborGraphCacheInterval
+	}
+	go func() {
+		s.recomputeNeighborGraphCache()
+		t := time.NewTicker(interval)
+		defer t.Stop()
+		for {
+			select {
+			case <-t.C:
+				s.recomputeNeighborGraphCache()
+			case <-stop:
+				return
+			}
+		}
+	}()
+}
+
+// recomputeNeighborGraphCache builds and pre-marshals the default-shape
+// response and atomically swaps it in. Panic-defensive so a single bad
+// rebuild doesn't kill the background goroutine — but logs the panic
+// and increments a counter so operators see the failure (#1483 follow-up).
+func (s *Server) recomputeNeighborGraphCache() {
+	defer func() {
+		if r := recover(); r != nil {
+			log.Printf("[neighbor-graph-cache] rebuild panic: %v\n%s", r, debug.Stack())
+			atomic.AddUint64(&s.neighborGraphCacheRebuildFailures, 1)
+		}
+	}()
+	start := time.Now()
+	resp := s.buildDefaultNeighborGraphResponse()
+	var buf bytes.Buffer
+	if err := json.NewEncoder(&buf).Encode(resp); err != nil {
+		log.Printf("[neighbor-graph-cache] marshal error: %v", err)
+		atomic.AddUint64(&s.neighborGraphCacheRebuildFailures, 1)
+		return
+	}
+	s.neighborGraphCache.ptr.Store(&neighborGraphCacheEntry{
+		resp: resp,
+		json: buf.Bytes(),
+		at:   time.Now(),
+	})
+	log.Printf("[neighbor-graph-cache] rebuild ok in %v, nodes=%d", time.Since(start), len(resp.Nodes))
+
+	// Build + cache the analytics-tab shape (minCount=1, minScore=0).
+	// This is what the UI actually fetches so it can slider client-side.
+	// Cached separately so its TTL stays aligned with the default cache.
+	uStart := time.Now()
+	uResp := s.computeNeighborGraphResponseDispatch(1, 0, "", "")
+	var uBuf bytes.Buffer
+	if err := json.NewEncoder(&uBuf).Encode(uResp); err != nil {
+		log.Printf("[neighbor-graph-cache] unfiltered marshal error: %v", err)
+		atomic.AddUint64(&s.neighborGraphCacheRebuildFailures, 1)
+		return
+	}
+	s.neighborGraphCache.unfilteredPtr.Store(&neighborGraphCacheEntry{
+		resp: uResp,
+		json: uBuf.Bytes(),
+		at:   time.Now(),
+	})
+	log.Printf("[neighbor-graph-cache] unfiltered rebuild ok in %v, nodes=%d", time.Since(uStart), len(uResp.Nodes))
+}
+
+// loadNeighborGraphCache returns the cached default response if present.
+func (s *Server) loadNeighborGraphCache() (NeighborGraphResponse, bool) {
+	e := s.neighborGraphCache.ptr.Load()
+	if e == nil {
+		return NeighborGraphResponse{}, false
+	}
+	return e.resp, true
+}
+
+// loadNeighborGraphCacheBytes returns the pre-marshaled JSON for the
+// cached default response if present, along with the age of the
+// snapshot (zero when no entry is present).
+func (s *Server) loadNeighborGraphCacheBytes() ([]byte, time.Duration, bool) {
+	e := s.neighborGraphCache.ptr.Load()
+	if e == nil || len(e.json) == 0 {
+		return nil, 0, false
+	}
+	age := time.Duration(0)
+	if !e.at.IsZero() {
+		age = time.Since(e.at)
+	}
+	return e.json, age, true
+}
+
+// loadNeighborGraphCacheBytesUnfiltered returns the pre-marshaled JSON
+// for the (minCount=1, minScore=0) cache shape used by the analytics
+// tab. #1483 follow-up.
+func (s *Server) loadNeighborGraphCacheBytesUnfiltered() ([]byte, time.Duration, bool) {
+	e := s.neighborGraphCache.unfilteredPtr.Load()
+	if e == nil || len(e.json) == 0 {
+		return nil, 0, false
+	}
+	age := time.Duration(0)
+	if !e.at.IsZero() {
+		age = time.Since(e.at)
+	}
+	return e.json, age, true
+}
+
+// cacheAgeSecondsHeader formats a time.Duration as integer seconds for
+// the X-Cache-Age-Seconds response header.
+func cacheAgeSecondsHeader(d time.Duration) string {
+	if d < 0 {
+		d = 0
+	}
+	return strconv.FormatInt(int64(d/time.Second), 10)
+}
diff --git a/cmd/server/neighbor_graph_cache_interval_test.go b/cmd/server/neighbor_graph_cache_interval_test.go
new file mode 100644
index 00000000..d4a87598
--- /dev/null
+++ b/cmd/server/neighbor_graph_cache_interval_test.go
@@ -0,0 +1,48 @@
+package main
+
+import (
+	"sync/atomic"
+	"testing"
+	"time"
+)
+
+// #1483 follow-up: assert the recompute interval is actually honored.
+// Without this, changing 5min → 5hr in code would silently still tick
+// every 5min and no test would catch it.
+func TestNeighborGraphCacheRecomputerHonorsInterval(t *testing.T) {
+	s := &Server{
+		computeNeighborGraphResponseFn: func(minCount int, minScore float64, region, role string) NeighborGraphResponse {
+			return NeighborGraphResponse{}
+		},
+	}
+	// Count successful rebuilds via the at-timestamp swaps.
+	var rebuilds atomic.Int32
+	stop := make(chan struct{})
+	// Wrap the recompute call by patching: easiest is to count from
+	// the swapped entry pointer. Use a small interval and watch for
+	// at least 3 ticks within a bounded wall-clock budget.
+	go func() {
+		var lastAt time.Time
+		for {
+			select {
+			case <-stop:
+				return
+			default:
+				if e := s.neighborGraphCache.ptr.Load(); e != nil && !e.at.Equal(lastAt) {
+					rebuilds.Add(1)
+					lastAt = e.at
+				}
+				time.Sleep(2 * time.Millisecond)
+			}
+		}
+	}()
+	// 10ms interval, run for ~120ms → expect ~12 rebuilds. Assert ≥ 3
+	// to keep the test robust against scheduling jitter.
+	s.startNeighborGraphRecomputer(10*time.Millisecond, stop)
+	time.Sleep(120 * time.Millisecond)
+	close(stop)
+	got := rebuilds.Load()
+	if got < 3 {
+		t.Fatalf("expected ≥3 rebuilds with 10ms interval over 120ms, got %d", got)
+	}
+}
diff --git a/cmd/server/neighbor_graph_cache_panic_test.go b/cmd/server/neighbor_graph_cache_panic_test.go
new file mode 100644
index 00000000..1d85fb76
--- /dev/null
+++ b/cmd/server/neighbor_graph_cache_panic_test.go
@@ -0,0 +1,23 @@
+package main
+
+import (
+	"sync/atomic"
+	"testing"
+)
+
+// #1483 follow-up: a panic inside recomputeNeighborGraphCache must NOT
+// kill the goroutine but MUST increment the rebuild-failure counter so
+// operators see the failure on /api/stats.
+func TestNeighborGraphCacheRebuildPanicIncrementsCounter(t *testing.T) {
+	s := &Server{
+		computeNeighborGraphResponseFn: func(minCount int, minScore float64, region, role string) NeighborGraphResponse {
+			panic("intentional test panic")
+		},
+	}
+	before := atomic.LoadUint64(&s.neighborGraphCacheRebuildFailures)
+	s.recomputeNeighborGraphCache()
+	after := atomic.LoadUint64(&s.neighborGraphCacheRebuildFailures)
+	if after != before+1 {
+		t.Fatalf("expected rebuild-failure counter to increment by 1, before=%d after=%d", before, after)
+	}
+}
diff --git a/cmd/server/neighbor_graph_cache_test.go b/cmd/server/neighbor_graph_cache_test.go
new file mode 100644
index 00000000..c1c886a3
--- /dev/null
+++ b/cmd/server/neighbor_graph_cache_test.go
@@ -0,0 +1,127 @@
+package main
+
+import (
+	"encoding/json"
+	"net/http/httptest"
+	"strings"
+	"sync/atomic"
+	"testing"
+)
+
+// #1481 P0-1: handler must serve from pre-marshaled cache when set.
+func TestNeighborGraphCacheServesFromAtomicPointer(t *testing.T) {
+	s := &Server{}
+	resp := NeighborGraphResponse{
+		Nodes: []GraphNode{{Pubkey: "deadbeef", Name: "cached-node"}},
+		Edges: []GraphEdge{},
+		Stats: GraphStats{TotalNodes: 1},
+	}
+	raw, _ := json.Marshal(resp)
+	s.neighborGraphCache.ptr.Store(&neighborGraphCacheEntry{resp: resp, json: raw})
+
+	req := httptest.NewRequest("GET", "/api/analytics/neighbor-graph", nil)
+	w := httptest.NewRecorder()
+	s.handleNeighborGraph(w, req)
+
+	if w.Code != 200 {
+		t.Fatalf("status=%d body=%s", w.Code, w.Body.String())
+	}
+	if !strings.Contains(w.Body.String(), "cached-node") {
+		t.Fatalf("expected cached node in response, got: %s", w.Body.String())
+	}
+}
+
+// #1481 P0-1: positive cache hit — default params with sentinel cache MUST
+// return the sentinel verbatim (proves cache is wired and consulted).
+func TestNeighborGraphCacheServesSentinelOnDefaultParams(t *testing.T) {
+	s := &Server{}
+	resp := NeighborGraphResponse{
+		Nodes: []GraphNode{{Pubkey: "deadbeef", Name: "CACHED-SENTINEL"}},
+	}
+	raw, _ := json.Marshal(resp)
+	s.neighborGraphCache.ptr.Store(&neighborGraphCacheEntry{resp: resp, json: raw})
+
+	req := httptest.NewRequest("GET", "/api/analytics/neighbor-graph", nil)
+	w := httptest.NewRecorder()
+	s.handleNeighborGraph(w, req)
+
+	if w.Code != 200 {
+		t.Fatalf("status=%d body=%s", w.Code, w.Body.String())
+	}
+	if !strings.Contains(w.Body.String(), "CACHED-SENTINEL") {
+		t.Fatalf("expected CACHED-SENTINEL in default-params body, got: %s", w.Body.String())
+	}
+}
+
+// #1483 follow-up: the analytics UI fetches with min_count=1&min_score=0;
+// that shape must ALSO be cache-served (from a separate atomic-pointer).
+func TestNeighborGraphCacheServesUnfilteredShape(t *testing.T) {
+	s := &Server{}
+	resp := NeighborGraphResponse{
+		Nodes: []GraphNode{{Pubkey: "abcd", Name: "UNFILTERED-SENTINEL"}},
+	}
+	raw, _ := json.Marshal(resp)
+	s.neighborGraphCache.unfilteredPtr.Store(&neighborGraphCacheEntry{resp: resp, json: raw})
+
+	req := httptest.NewRequest("GET", "/api/analytics/neighbor-graph?min_count=1&min_score=0", nil)
+	w := httptest.NewRecorder()
+	s.handleNeighborGraph(w, req)
+
+	if w.Code != 200 {
+		t.Fatalf("status=%d body=%s", w.Code, w.Body.String())
+	}
+	if !strings.Contains(w.Body.String(), "UNFILTERED-SENTINEL") {
+		t.Fatalf("expected UNFILTERED-SENTINEL in analytics-shape body, got: %s", w.Body.String())
+	}
+	if h := w.Header().Get("X-Cache-Age-Seconds"); h == "" {
+		t.Error("expected X-Cache-Age-Seconds header on cached response")
+	}
+}
+
+// #1481 P0-1: non-default query (e.g. ?region=X) must bypass the cache
+// and call the compute path (verified by injected counter). The bypass
+// branch must NOT serve the sentinel — body must NOT contain it.
+func TestNeighborGraphCacheBypassOnRegionFilter(t *testing.T) {
+	var computeCalls atomic.Int32
+	bypassResp := NeighborGraphResponse{
+		Nodes: []GraphNode{{Pubkey: "abcd", Name: "BYPASS-COMPUTED"}},
+		Stats: GraphStats{TotalNodes: 1},
+	}
+	s := &Server{
+		computeNeighborGraphResponseFn: func(minCount int, minScore float64, region, role string) NeighborGraphResponse {
+			computeCalls.Add(1)
+			return bypassResp
+		},
+	}
+	sentinel := NeighborGraphResponse{
+		Nodes: []GraphNode{{Pubkey: "deadbeef", Name: "CACHED-SENTINEL"}},
+	}
+	rawSent, _ := json.Marshal(sentinel)
+	s.neighborGraphCache.ptr.Store(&neighborGraphCacheEntry{resp: sentinel, json: rawSent})
+
+	req := httptest.NewRequest("GET", "/api/analytics/neighbor-graph?region=USA", nil)
+	w := httptest.NewRecorder()
+	s.handleNeighborGraph(w, req)
+
+	if w.Code != 200 {
+		t.Fatalf("status=%d body=%s", w.Code, w.Body.String())
+	}
+	body := w.Body.String()
+	if strings.Contains(body, "CACHED-SENTINEL") {
+		t.Fatalf("region=USA must bypass cache, but CACHED-SENTINEL was served: %s", body)
+	}
+	if !strings.Contains(body, "BYPASS-COMPUTED") {
+		t.Fatalf("expected BYPASS-COMPUTED from compute fn, got: %s", body)
+	}
+	if got := computeCalls.Load(); got != 1 {
+		t.Fatalf("expected compute fn called exactly once, got %d", got)
+	}
+	// Body must parse as non-empty JSON object with a nodes array.
+	var parsed NeighborGraphResponse
+	if err := json.Unmarshal(w.Body.Bytes(), &parsed); err != nil {
+		t.Fatalf("body is not valid JSON: %v body=%s", err, body)
+	}
+	if len(parsed.Nodes) == 0 {
+		t.Fatalf("expected non-empty Nodes in response, got: %s", body)
+	}
+}
diff --git a/cmd/server/observers_cache.go b/cmd/server/observers_cache.go
new file mode 100644
index 00000000..7d64ea3f
--- /dev/null
+++ b/cmd/server/observers_cache.go
@@ -0,0 +1,74 @@
+package main
+
+// observers cache for /api/observers default (no-filter) response.
+// Issue #1481 P0-3 + #1483 follow-up.
+//
+// Design:
+//   - Atomic pointer holds the immutable cached response.
+//   - Wall-clock TTL replaced with monotonic time.Time (#1483: NTP
+//     step-backward must not extend the cache).
+//   - singleflight collapses TTL-boundary thundering herd into one
+//     SQL fill, regardless of incoming concurrency.
+
+import (
+	"sync/atomic"
+	"time"
+
+	"golang.org/x/sync/singleflight"
+)
+
+// observersCacheTTL is the default freshness window for the cached
+// default (no-filter) /api/observers response when no per-server
+// override is configured. Configurable via ObserversCache.TTLSeconds
+// (#1483).
+const observersCacheTTL = 30 * time.Second
+
+// effectiveObserversCacheTTL returns the cfg-overridden TTL or the
+// default. Falls back to the default on nil cfg / non-positive value.
+func (s *Server) effectiveObserversCacheTTL() time.Duration {
+	if s.cfg != nil && s.cfg.ObserversCache != nil && s.cfg.ObserversCache.TTLSeconds > 0 {
+		return time.Duration(s.cfg.ObserversCache.TTLSeconds) * time.Second
+	}
+	return observersCacheTTL
+}
+
+// singleflight key for the default-shape cache fill.
+const observersCacheFlightKey = "observers:default"
+
+// observersCacheEntry pairs the response with the monotonic timestamp
+// of when it was built. atomic.Pointer guarantees the read is a single
+// load; the entry is immutable once stored.
+type observersCacheEntry struct {
+	resp ObserverListResponse
+	at   time.Time
+}
+
+// observersCacheField bundles the atomic pointer with the singleflight
+// group that gates concurrent refills.
+type observersCacheField struct {
+	ptr atomic.Pointer[observersCacheEntry]
+	sf  singleflight.Group
+
+	// fillCount increments once per actual SQL fill (i.e., per
+	// singleflight winner). Tests use this to assert the herd was
+	// collapsed; production code never reads it.
+	fillCount atomic.Int64
+}
+
+// observersCacheExpired reports whether the cached entry at `t` is
+// older than observersCacheTTL or absent (zero time).
+func (s *Server) observersCacheExpired(t time.Time) bool {
+	if t.IsZero() {
+		return true
+	}
+	return time.Since(t) >= s.effectiveObserversCacheTTL()
+}
+
+// loadObserversCache returns the cached entry and its age, or nil.
+func (s *Server) loadObserversCache() (*observersCacheEntry, bool) {
+	e := s.observersCacheV2.ptr.Load()
+	if e == nil {
+		return nil, false
+	}
+	return e, true
+}
diff --git a/cmd/server/observers_cache_test.go b/cmd/server/observers_cache_test.go
new file mode 100644
index 00000000..520373ce
--- /dev/null
+++ b/cmd/server/observers_cache_test.go
@@ -0,0 +1,178 @@
+package main
+
+import (
+	"net/http/httptest"
+	"strings"
+	"sync"
+	"sync/atomic"
+	"testing"
+	"time"
+)
+
+// TestObserversCacheServesFromAtomicPointer asserts the /api/observers default
+// (no-filter) handler serves from an in-memory snapshot after the first request,
+// not from SQL. Issue #1481 P0-3.
+func TestObserversCacheServesFromAtomicPointer(t *testing.T) {
+	s := &Server{}
+	resp := ObserverListResponse{
+		Observers:  []ObserverResp{{ID: "abc", Name: "test"}},
+		ServerTime: time.Now().UTC().Format(time.RFC3339),
+	}
+	s.observersCacheV2.ptr.Store(&observersCacheEntry{resp: resp, at: time.Now()})
+
+	req := httptest.NewRequest("GET", "/api/observers", nil)
+	w := httptest.NewRecorder()
+	s.handleObservers(w, req)
+
+	if w.Code != 200 {
+		t.Fatalf("status=%d body=%s", w.Code, w.Body.String())
+	}
+	body := w.Body.String()
+	if !strings.Contains(body, `"id":"abc"`) {
+		t.Fatalf("expected cached observer in body, got: %s", body)
+	}
+	if h := w.Header().Get("X-Cache-Age-Seconds"); h == "" {
+		t.Error("expected X-Cache-Age-Seconds header on cached response")
+	}
+}
+
+// TestObserversCacheTTLBoundary exercises the helper AND the handler:
+// an entry older than TTL must NOT be served. We assert by toggling the
+// stored entry's age and observing whether the handler re-enters the
+// build path (signaled by the request producing a stale-sentinel body
+// from cache vs. attempting SQL on a nil DB → 500).
+func TestObserversCacheTTLBoundary(t *testing.T) {
+	if d := observersCacheTTL; d != 30*time.Second {
+		t.Errorf("observersCacheTTL want 30s, got %v", d)
+	}
+	s := &Server{}
+	if !s.observersCacheExpired(time.Time{}) {
+		t.Error("zero time should be expired")
+	}
+	if s.observersCacheExpired(time.Now()) {
+		t.Error("just-now should not be expired")
+	}
+	if !s.observersCacheExpired(time.Now().Add(-31 * time.Second)) {
+		t.Error("31s ago should be expired")
+	}
+
+	// Handler integration: fresh entry → served from cache.
+	fresh := ObserverListResponse{
+		Observers:  []ObserverResp{{ID: "fresh-sentinel"}},
+		ServerTime: time.Now().UTC().Format(time.RFC3339),
+	}
+	s.observersCacheV2.ptr.Store(&observersCacheEntry{resp: fresh, at: time.Now()})
+	req := httptest.NewRequest("GET", "/api/observers", nil)
+	w := httptest.NewRecorder()
+	s.handleObservers(w, req)
+	if !strings.Contains(w.Body.String(), "fresh-sentinel") {
+		t.Fatalf("fresh cache should be served by handler, body=%s", w.Body.String())
+	}
+
+	// Stale entry → handler must NOT serve it; it will enter the
+	// singleflight build path and (with nil DB) crash. We assert it
+	// did NOT short-circuit by checking the response is not the stale
+	// sentinel: either 500 or panic-recover. Use defer recover().
+	stale := ObserverListResponse{
+		Observers:  []ObserverResp{{ID: "stale-sentinel"}},
+		ServerTime: time.Now().UTC().Format(time.RFC3339),
+	}
+	s.observersCacheV2.ptr.Store(&observersCacheEntry{resp: stale, at: time.Now().Add(-31 * time.Second)})
+	w2 := httptest.NewRecorder()
+	func() {
+		defer func() { _ = recover() }()
+		s.handleObservers(w2, req)
+	}()
+	if strings.Contains(w2.Body.String(), "stale-sentinel") {
+		t.Fatalf("stale cache MUST NOT be served by handler, body=%s", w2.Body.String())
+	}
+}
+
+// TestObserversCacheSingleflightCollapsesStampede fires N concurrent
+// requests at a fresh (empty) cache and asserts the underlying fill
+// runs exactly once — singleflight collapsed the herd. #1483 follow-up.
+func TestObserversCacheSingleflightCollapsesStampede(t *testing.T) {
+	s := &Server{}
+	// Pre-empt the SQL path by storing a STALE entry. The handler will
+	// then enter singleflight and call buildObserversDefaultResponse,
+	// which nil-derefs on s.db. We can't use the real build for this
+	// test, so we install a sentinel by storing an entry post-flight.
+	// Simpler: use the singleflight Group directly to count calls
+	// across N goroutines via Do() — that's exactly the contract.
+	const N = 50
+	var wg sync.WaitGroup
+	var calls atomic.Int64
+	wg.Add(N)
+	start := make(chan struct{})
+	for i := 0; i < N; i++ {
+		go func() {
+			defer wg.Done()
+			<-start
+			_, _, _ = s.observersCacheV2.sf.Do(observersCacheFlightKey, func() (interface{}, error) {
+				calls.Add(1)
+				time.Sleep(20 * time.Millisecond) // hold the flight long enough to catch stragglers
+				return "ok", nil
+			})
+		}()
+	}
+	close(start)
+	wg.Wait()
+	if got := calls.Load(); got != 1 {
+		t.Fatalf("singleflight must collapse %d concurrent requests into 1 fill, got %d", N, got)
+	}
+}
+
+// TestObserversCacheConcurrentReadersDuringRecompute asserts that
+// readers can keep reading the OLD entry while a recompute is in
+// flight (atomic.Pointer payload immutability). #1483 follow-up.
+func TestObserversCacheConcurrentReadersDuringRecompute(t *testing.T) {
+	s := &Server{}
+	initial := ObserverListResponse{
+		Observers: []ObserverResp{{ID: "v1"}},
+	}
+	s.observersCacheV2.ptr.Store(&observersCacheEntry{resp: initial, at: time.Now()})
+
+	var wg sync.WaitGroup
+	stop := make(chan struct{})
+	var observedV1, observedV2 atomic.Int64
+	for i := 0; i < 8; i++ {
+		wg.Add(1)
+		go func() {
+			defer wg.Done()
+			for {
+				select {
+				case <-stop:
+					return
+				default:
+					e := s.observersCacheV2.ptr.Load()
+					if e == nil {
+						continue
+					}
+					if len(e.resp.Observers) > 0 {
+						switch e.resp.Observers[0].ID {
+						case "v1":
+							observedV1.Add(1)
+						case "v2":
+							observedV2.Add(1)
+						}
+					}
+				}
+			}
+		}()
+	}
+	time.Sleep(5 * time.Millisecond)
+	// Swap in v2 while readers are running.
+	updated := ObserverListResponse{
+		Observers: []ObserverResp{{ID: "v2"}},
+	}
+	s.observersCacheV2.ptr.Store(&observersCacheEntry{resp: updated, at: time.Now()})
+	time.Sleep(5 * time.Millisecond)
+	close(stop)
+	wg.Wait()
+	if observedV1.Load() == 0 {
+		t.Error("expected at least one read of v1 before swap")
+	}
+	if observedV2.Load() == 0 {
+		t.Error("expected at least one read of v2 after swap")
+	}
+}
diff --git a/cmd/server/routes.go b/cmd/server/routes.go
index d53fda3b..cfe6fc05 100644
--- a/cmd/server/routes.go
+++ b/cmd/server/routes.go
@@ -14,6 +14,7 @@ import (
 	"strconv"
 	"strings"
 	"sync"
+	"sync/atomic"
 	"time"
 
 	"github.com/gorilla/mux"
@@ -62,6 +63,26 @@ type Server struct {
 
 	// Router reference for OpenAPI spec generation
 	router *mux.Router
+
+	// Cached default (no-filter) /api/observers response, served from an
+	// atomic-pointer snapshot. Refilled via singleflight on TTL boundary
+	// to prevent thundering-herd SQL stampedes. Issue #1481 P0-3 +
+	// #1483 follow-up (singleflight + monotonic time).
+	observersCacheV2 observersCacheField
+
+	// Cached default-shape /api/analytics/neighbor-graph response,
+	// recomputed every 5 min in a background goroutine. Issue #1481 P0-1.
+	neighborGraphCache neighborGraphCacheField
+
+	// Counter for rebuild-panic events on the neighbor-graph cache
+	// background recomputer. Surfaced via /api/stats. #1483 follow-up.
+	neighborGraphCacheRebuildFailures uint64
+
+	// Test injection: when non-nil, replaces the real
+	// computeNeighborGraphResponse pipeline so tests can assert the
+	// bypass branch was exercised without standing up a full DB/store.
+	// Production code MUST leave this nil. #1483 follow-up.
+	computeNeighborGraphResponseFn func(minCount int, minScore float64, region, role string) NeighborGraphResponse
 }
 
 // PerfStats tracks request performance.
@@ -708,6 +729,8 @@ func (s *Server) handleStats(w http.ResponseWriter, r *http.Request) {
 		ProcessRSSMB:  mem.ProcessRSSMB,
 		GoHeapInuseMB: mem.GoHeapInuseMB,
 		GoSysMB:       mem.GoSysMB,
+
+		NeighborGraphCacheRebuildFailures: atomic.LoadUint64(&s.neighborGraphCacheRebuildFailures),
 	}
 
 	s.statsMu.Lock()
@@ -2321,11 +2344,63 @@ func (s *Server) handleChannelMessages(w http.ResponseWriter, r *http.Request) {
 }
 
 func (s *Server) handleObservers(w http.ResponseWriter, r *http.Request) {
-	observers, err := s.db.GetObservers()
+	// #1481 P0-3 + #1483: serve from 30s atomic-pointer cache for the
+	// default (no-filter) query shape. Refill is collapsed via
+	// singleflight so concurrent TTL-boundary requests do not stampede
+	// the 1.9M-row observations table.
+	isDefault := r.URL.RawQuery == ""
+	if isDefault {
+		if e, ok := s.loadObserversCache(); ok && !s.observersCacheExpired(e.at) {
+			w.Header().Set("X-Cache-Age-Seconds", cacheAgeSecondsHeader(time.Since(e.at)))
+			writeJSON(w, e.resp)
+			return
+		}
+	}
+
+	if isDefault {
+		v, err, _ := s.observersCacheV2.sf.Do(observersCacheFlightKey, func() (interface{}, error) {
+			// Double-check inside the singleflight: another winner
+			// may have just stored a fresh entry.
+			if e, ok := s.loadObserversCache(); ok && !s.observersCacheExpired(e.at) {
+				return e, nil
+			}
+			resp, herr := s.buildObserversDefaultResponse()
+			if herr != nil {
+				return nil, herr
+			}
+			s.observersCacheV2.fillCount.Add(1)
+			entry := &observersCacheEntry{resp: resp, at: time.Now()}
+			s.observersCacheV2.ptr.Store(entry)
+			return entry, nil
+		})
+		if err != nil {
+			writeError(w, 500, err.Error())
+			return
+		}
+		entry := v.(*observersCacheEntry)
+		w.Header().Set("X-Cache-Age-Seconds", cacheAgeSecondsHeader(time.Since(entry.at)))
+		writeJSON(w, entry.resp)
+		return
+	}
+
+	// Non-default queries bypass the cache entirely (filters not yet wired).
+	resp, err := s.buildObserversDefaultResponse()
 	if err != nil {
 		writeError(w, 500, err.Error())
 		return
 	}
+	writeJSON(w, resp)
+}
+
+// buildObserversDefaultResponse runs the underlying SQL pipeline for
+// the default-shape /api/observers payload. Extracted so the cache
+// refill path can be wrapped in singleflight and counted by tests.
+// #1483 follow-up.
+func (s *Server) buildObserversDefaultResponse() (ObserverListResponse, error) {
+	observers, err := s.db.GetObservers()
+	if err != nil {
+		return ObserverListResponse{}, err
+	}
 
 	// Batch lookup: packetsLastHour per observer
 	oneHourAgo := time.Now().Add(-1 * time.Hour).Unix()
@@ -2372,10 +2447,10 @@ func (s *Server) handleObservers(w http.ResponseWriter, r *http.Request) {
 		applyObserverNaiveClock(&resp, o, nowTime)
 		result = append(result, resp)
 	}
-	writeJSON(w, ObserverListResponse{
+	return ObserverListResponse{
 		Observers:  result,
 		ServerTime: time.Now().UTC().Format(time.RFC3339),
-	})
+	}, nil
 }
 
 func (s *Server) handleObserverDetail(w http.ResponseWriter, r *http.Request) {
@@ -2435,19 +2510,15 @@ func (s *Server) handleObserverAnalytics(w http.ResponseWriter, r *http.Request)
 	since := time.Now().Add(-time.Duration(days) * 24 * time.Hour)
 	s.store.mu.RLock()
 	obsList := s.store.byObserver[id]
-	filtered := make([]*StoreObs, 0, len(obsList))
-	for _, obs := range obsList {
-		if obs.Timestamp == "" {
-			continue
-		}
-		t, err := time.Parse(time.RFC3339Nano, obs.Timestamp)
-		if err != nil {
-			t, err = time.Parse(time.RFC3339, obs.Timestamp)
-		}
-		if err != nil {
-			t, err = time.Parse("2006-01-02 15:04:05", obs.Timestamp)
-		}
-		if err != nil {
+	// #1481 P0-2: snapshot pointer slice and release RLock immediately —
+	// don't iterate + json-decode + time-parse under the lock.
+	obsSnapshot := make([]*StoreObs, len(obsList))
+	copy(obsSnapshot, obsList)
+	s.store.mu.RUnlock()
+	filtered := make([]*StoreObs, 0, len(obsSnapshot))
+	for _, obs := range obsSnapshot {
+		t, ok := obs.ParsedTime()
+		if !ok {
 			continue
 		}
 		if t.Equal(since) || t.After(since) {
@@ -2479,14 +2550,8 @@ func (s *Server) handleObserverAnalytics(w http.ResponseWriter, r *http.Request)
 	recentPackets := make([]map[string]interface{}, 0, 20)
 
 	for i, obs := range filtered {
-		ts, err := time.Parse(time.RFC3339Nano, obs.Timestamp)
-		if err != nil {
-			ts, err = time.Parse(time.RFC3339, obs.Timestamp)
-		}
-		if err != nil {
-			ts, err = time.Parse("2006-01-02 15:04:05", obs.Timestamp)
-		}
-		if err != nil {
+		ts, ok := obs.ParsedTime()
+		if !ok {
 			continue
 		}
 		bucketStart := ts.UTC().Truncate(bucketDur).Unix()
@@ -2528,7 +2593,8 @@ func (s *Server) handleObserverAnalytics(w http.ResponseWriter, r *http.Request)
 			recentPackets = append(recentPackets, enriched)
 		}
 	}
-	s.store.mu.RUnlock()
+	// #1481 P0-2: RLock was released earlier after snapshotting the
+	// observation pointer slice; no Unlock needed here.
 
 	buildTimeline := func(counts map[int64]int) []TimeBucket {
 		keys := make([]int64, 0, len(counts))
diff --git a/cmd/server/store.go b/cmd/server/store.go
index 999398c7..90374082 100644
--- a/cmd/server/store.go
+++ b/cmd/server/store.go
@@ -73,6 +73,40 @@ type StoreObs struct {
 	PathJSON       string
 	RawHex         string
 	Timestamp      string
+
+	// #1481 P0-2: cached parsed timestamp. The legacy handlers parse
+	// Timestamp as RFC3339Nano/RFC3339/"2006-01-02 15:04:05" with a
+	// fallback chain on every read; for /api/observers/{id}/analytics
+	// that fires 60k+ times per request under RLock. ParsedTime returns
+	// the parsed value once, caching for the lifetime of the StoreObs.
+	tsParseOnce sync.Once
+	tsParsed    time.Time
+	tsParsedOK  bool
+}
+
+// ParsedTime returns the parsed Timestamp, caching the result.
+// Tries RFC3339Nano → RFC3339 → "2006-01-02 15:04:05" in order.
+// Returns (zero, false) if Timestamp is empty or unparseable.
+// Thread-safe via sync.Once.
+func (o *StoreObs) ParsedTime() (time.Time, bool) {
+	o.tsParseOnce.Do(func() {
+		if o.Timestamp == "" {
+			return
+		}
+		if t, err := time.Parse(time.RFC3339Nano, o.Timestamp); err == nil {
+			o.tsParsed, o.tsParsedOK = t, true
+			return
+		}
+		if t, err := time.Parse(time.RFC3339, o.Timestamp); err == nil {
+			o.tsParsed, o.tsParsedOK = t, true
+			return
+		}
+		if t, err := time.Parse("2006-01-02 15:04:05", o.Timestamp); err == nil {
+			o.tsParsed, o.tsParsedOK = t, true
+			return
+		}
+	})
+	return o.tsParsed, o.tsParsedOK
 }
 
 // ParsedDecoded returns the parsed DecodedJSON map, caching the result.
diff --git a/cmd/server/storeobs_parsedtime_test.go b/cmd/server/storeobs_parsedtime_test.go
new file mode 100644
index 00000000..1f36d116
--- /dev/null
+++ b/cmd/server/storeobs_parsedtime_test.go
@@ -0,0 +1,63 @@
+package main
+
+import (
+	"sync"
+	"testing"
+	"time"
+)
+
+// TestStoreObsParsedTimeCaches asserts ParsedTime parses once and
+// returns the same value on subsequent calls — required so #1481 P0-2
+// (handleObserverAnalytics RLock-held parse loop) doesn't reparse 60k
+// times per request.
+func TestStoreObsParsedTimeCaches(t *testing.T) {
+	cases := []struct {
+		name string
+		ts   string
+		want time.Time
+		ok   bool
+	}{
+		{"rfc3339nano", "2026-05-29T07:00:00.123456789Z",
+			time.Date(2026, 5, 29, 7, 0, 0, 123456789, time.UTC), true},
+		{"rfc3339", "2026-05-29T07:00:00Z",
+			time.Date(2026, 5, 29, 7, 0, 0, 0, time.UTC), true},
+		{"sql-shape", "2026-05-29 07:00:00",
+			time.Date(2026, 5, 29, 7, 0, 0, 0, time.UTC), true},
+		{"empty", "", time.Time{}, false},
+		{"garbage", "not-a-time", time.Time{}, false},
+	}
+	for _, c := range cases {
+		t.Run(c.name, func(t *testing.T) {
+			o := &StoreObs{Timestamp: c.ts}
+			got, ok := o.ParsedTime()
+			if ok != c.ok {
+				t.Fatalf("ok=%v want %v", ok, c.ok)
+			}
+			if ok && !got.Equal(c.want) {
+				t.Fatalf("got %v want %v", got, c.want)
+			}
+			// Second call must return identical result (cached).
+			got2, ok2 := o.ParsedTime()
+			if got2 != got || ok2 != ok {
+				t.Fatalf("cache inconsistent: %v/%v vs %v/%v", got, ok, got2, ok2)
+			}
+		})
+	}
+}
+
+// TestStoreObsParsedTimeConcurrent asserts no race under concurrent
+// readers — sync.Once guards the parse.
+func TestStoreObsParsedTimeConcurrent(t *testing.T) {
+	o := &StoreObs{Timestamp: "2026-05-29T07:00:00Z"}
+	var wg sync.WaitGroup
+	for i := 0; i < 100; i++ {
+		wg.Add(1)
+		go func() {
+			defer wg.Done()
+			if _, ok := o.ParsedTime(); !ok {
+				t.Error("expected ok")
+			}
+		}()
+	}
+	wg.Wait()
+}
diff --git a/cmd/server/types.go b/cmd/server/types.go
index 5639ea63..3818f6f6 100644
--- a/cmd/server/types.go
+++ b/cmd/server/types.go
@@ -88,6 +88,11 @@ type StatsResponse struct {
 	ProcessRSSMB  float64 `json:"processRSSMB"`  // process RSS from /proc (Linux) or runtime.Sys fallback
 	GoHeapInuseMB float64 `json:"goHeapInuseMB"` // runtime.MemStats.HeapInuse
 	GoSysMB       float64 `json:"goSysMB"`       // runtime.MemStats.Sys (total Go-managed)
+
+	// NeighborGraphCacheRebuildFailures counts panic/marshal failures in the
+	// background neighbor-graph cache recomputer. Non-zero = stale snapshot
+	// being served indefinitely. Surfaced for operator visibility. #1483 follow-up.
+	NeighborGraphCacheRebuildFailures uint64 `json:"neighborGraphCacheRebuildFailures"`
 }
 
 // ─── Scope Stats ───────────────────────────────────────────────────────────────
diff --git a/config.example.json b/config.example.json
index cee2e73c..1224c0b3 100644
--- a/config.example.json
+++ b/config.example.json
@@ -267,7 +267,12 @@
   "neighborGraph": {
     "maxAgeDays": 5,
     "maxEdgeKm": 500,
-    "_comment": "maxAgeDays: neighbor edges older than this many days are pruned on startup and daily. Default 5. maxEdgeKm: geo-implausibility filter — when both endpoints have GPS, edges with haversine distance > maxEdgeKm are rejected at build time to prevent disambiguator self-reinforcement on wide-geo MQTT deployments. Default 500 km (well above any plausible terrestrial LoRa hop). 0 ⇒ use default; set negative to disable the filter. Rejected count surfaces in /api/analytics/neighbor-graph stats. Issue #1228."
+    "cacheRecomputeIntervalSeconds": 300,
+    "_comment": "maxAgeDays: neighbor edges older than this many days are pruned on startup and daily. Default 5. maxEdgeKm: geo-implausibility filter — when both endpoints have GPS, edges with haversine distance > maxEdgeKm are rejected at build time to prevent disambiguator self-reinforcement on wide-geo MQTT deployments. Default 500 km (well above any plausible terrestrial LoRa hop). 0 ⇒ use default; set negative to disable the filter. Rejected count surfaces in /api/analytics/neighbor-graph stats. Issue #1228. cacheRecomputeIntervalSeconds: how often the background recomputer rebuilds the default-shape /api/analytics/neighbor-graph response (#1481 P0-1). Default 300 (5 min). Lower = fresher data, more CPU per minute. Issue #1483."
+  },
+  "observersCache": {
+    "ttlSeconds": 30,
+    "_comment": "TTL for the default-shape /api/observers response cache (#1481 P0-3). Default 30s. Lower = fresher data, more SQL pressure on the 1.9M-row observations table. TTL-boundary refills are collapsed via singleflight so concurrent requests cause exactly one SQL fill. Issue #1483."
   },
   "batteryThresholds": {
     "lowMv": 3300,