diff --git a/src/KArtSell.Host/Infrastructure/TelegramSinkAsync.cs b/src/KArtSell.Host/Infrastructure/TelegramSinkAsync.cs
new file mode 100644
index 00000000..a3c99879
--- /dev/null
+++ b/src/KArtSell.Host/Infrastructure/TelegramSinkAsync.cs
@@ -0,0 +1,127 @@
+using System.Net;
+using System.Net.Http;
+using System.Threading.Channels;
+using Microsoft.Extensions.Logging;
+using Serilog;
+using Serilog.Core;
+using Serilog.Events;
+
+namespace KArtSell.Host.Infrastructure;
+
+/// <summary>
+/// Async Telegram sink for Serilog: non-blocking queue + exponential backoff
+/// Processes ERROR/FATAL logs via background channel, prevents logging from blocking
+/// </summary>
+public sealed class TelegramSinkAsync : ILogEventSink, IAsyncDisposable
+{
+    private readonly string _telegramBotToken;
+    private readonly string _telegramChatId;
+    private readonly HttpClient _httpClient;
+    private readonly Channel<LogEvent> _queue;
+    private readonly Task _backgroundTask;
+    private readonly CancellationTokenSource _cts;
+
+    public TelegramSinkAsync(string telegramBotToken, string telegramChatId, HttpClient? httpClient = null)
+    {
+        _telegramBotToken = telegramBotToken;
+        _telegramChatId = telegramChatId;
+        _httpClient = httpClient ?? new HttpClient();
+        _queue = Channel.CreateUnbounded<LogEvent>();
+        _cts = new CancellationTokenSource();
+        _backgroundTask = ProcessQueueAsync(_cts.Token);
+    }
+
+    public void Emit(LogEvent logEvent)
+    {
+        // Only queue ERROR and FATAL
+        if (logEvent.Level < LogEventLevel.Error)
+            return;
+
+        // Non-blocking: enqueue only
+        _queue.Writer.TryWrite(logEvent);
+    }
+
+    private async Task ProcessQueueAsync(CancellationToken cancellationToken)
+    {
+        try
+        {
+            await foreach (var logEvent in _queue.Reader.ReadAllAsync(cancellationToken))
+            {
+                // Rate limit: 100ms spacer between messages
+                await Task.Delay(100, cancellationToken);
+
+                // Retry: 3x with exponential backoff
+                var backoffMs = 100;
+                for (int attempt = 0; attempt < 3; attempt++)
+                {
+                    try
+                    {
+                        await SendTelegramMessageAsync(logEvent, cancellationToken);
+                        break;
+                    }
+                    catch (HttpRequestException ex) when (ex.StatusCode == HttpStatusCode.TooManyRequests)
+                    {
+                        if (attempt < 2)
+                        {
+                            backoffMs *= 2;
+                            await Task.Delay(backoffMs, cancellationToken);
+                        }
+                    }
+                    catch
+                    {
+                        // Silently fail to prevent logging loops
+                        if (attempt == 2) break;
+                    }
+                }
+            }
+        }
+        catch (OperationCanceledException)
+        {
+            // Expected during shutdown
+        }
+    }
+
+    private async Task SendTelegramMessageAsync(LogEvent logEvent, CancellationToken cancellationToken)
+    {
+        var emoji = logEvent.Level == LogEventLevel.Fatal ? "🔴" : "⚠️";
+        var levelName = logEvent.Level.ToString().ToUpperInvariant();
+
+        var message = $@"{emoji} *{levelName}* - K-ArtSell Aegis
+
+{logEvent.MessageTemplate.Render(logEvent.Properties)}
+
+_Timestamp: {logEvent.Timestamp:O}_";
+
+        if (logEvent.Exception != null)
+        {
+            message += $@"
+
+```
+{logEvent.Exception.GetType().Name}: {logEvent.Exception.Message}
+```";
+        }
+
+        var url = $"https://api.telegram.org/bot{_telegramBotToken}/sendMessage";
+        var content = new FormUrlEncodedContent(new Dictionary<string, string>
+        {
+            { "chat_id", _telegramChatId },
+            { "text", message },
+            { "parse_mode", "Markdown" }
+        });
+
+        var response = await _httpClient.PostAsync(url, content, cancellationToken);
+        response.EnsureSuccessStatusCode();
+    }
+
+    public async ValueTask DisposeAsync()
+    {
+        _queue.Writer.Complete();
+        _cts.Cancel();
+        try
+        {
+            await _backgroundTask;
+        }
+        catch (OperationCanceledException) { }
+        _cts.Dispose();
+    }
+}
diff --git a/src/KArtSell.Host/Observability/ApiCallMetricsService.cs b/src/KArtSell.Host/Observability/ApiCallMetricsService.cs
new file mode 100644
index 00000000..3ff180b7
--- /dev/null
+++ b/src/KArtSell.Host/Observability/ApiCallMetricsService.cs
@@ -0,0 +1,130 @@
+using System.Collections.Concurrent;
+using Microsoft.Extensions.Logging;
+
+namespace KArtSell.Host.Observability;
+
+/// <summary>
+/// In-memory API call metrics tracking (24h retention).
+/// Records: success/failure, latency, retry count, rate limiting, quota remaining.
+/// </summary>
+public sealed class ApiCallMetricsService : IDisposable
+{
+    private readonly ConcurrentDictionary<string, ApiMetric> _metrics = new();
+    private readonly ILogger<ApiCallMetricsService> _logger;
+    private readonly Timer _cleanupTimer;
+
+    public ApiCallMetricsService(ILogger<ApiCallMetricsService> logger)
+    {
+        _logger = logger;
+        // Cleanup old entries every hour
+        _cleanupTimer = new Timer(CleanupOldEntries, null, TimeSpan.FromHours(1), TimeSpan.FromHours(1));
+    }
+
+    public void Dispose()
+    {
+        _cleanupTimer?.Dispose();
+    }
+
+    public void RecordApiCall(
+        string apiName,
+        bool success,
+        int latencyMs = 0,
+        int retryCount = 0,
+        bool rateLimited = false,
+        int? remainingQuota = null)
+    {
+        var key = $"{apiName}:{DateTimeOffset.UtcNow:yyyy-MM-dd HH:mm}";
+
+        _metrics.AddOrUpdate(key, _ =>
+            new ApiMetric
+            {
+                ApiName = apiName,
+                Timestamp = DateTimeOffset.UtcNow,
+                Success = success,
+                LatencyMs = latencyMs,
+                RetryCount = retryCount,
+                RateLimited = rateLimited,
+                RemainingQuota = remainingQuota
+            },
+            (_, existing) => existing);  // Keep first entry per minute
+
+        if (rateLimited)
+        {
+            _logger.LogWarning(
+                "API rate limited: {ApiName}, remaining: {Quota}, retry: {RetryCount}",
+                apiName, remainingQuota, retryCount);
+        }
+    }
+
+    public IReadOnlyList<ApiMetric> GetMetrics(string? apiNameFilter = null)
+    {
+        var results = _metrics.Values.AsEnumerable();
+
+        if (!string.IsNullOrEmpty(apiNameFilter))
+        {
+            results = results.Where(m => m.ApiName.Contains(apiNameFilter, StringComparison.OrdinalIgnoreCase));
+        }
+
+        return results.OrderByDescending(m => m.Timestamp).ToList().AsReadOnly();
+    }
+
+    public Dictionary<string, ApiSummary> GetSummary()
+    {
+        var summary = new Dictionary<string, ApiSummary>();
+
+        foreach (var group in _metrics.Values.GroupBy(m => m.ApiName))
+        {
+            var metrics = group.ToList();
+            summary[group.Key] = new ApiSummary
+            {
+                TotalCalls = metrics.Count,
+                SuccessCount = metrics.Count(m => m.Success),
+                FailureCount = metrics.Count(m => !m.Success),
+                RateLimitCount = metrics.Count(m => m.RateLimited),
+                AverageLatencyMs = metrics.Average(m => m.LatencyMs),
+                MinRemainingQuota = metrics.Where(m => m.RemainingQuota.HasValue).Min(m => m.RemainingQuota),
+                LastUpdated = metrics.Max(m => m.Timestamp)
+            };
+        }
+
+        return summary;
+    }
+
+    private void CleanupOldEntries(object? state)
+    {
+        var cutoff = DateTimeOffset.UtcNow.AddHours(-24);
+        var oldKeys = _metrics.Where(kvp => kvp.Value.Timestamp < cutoff).Select(kvp => kvp.Key).ToList();
+
+        foreach (var key in oldKeys)
+        {
+            _metrics.TryRemove(key, out _);
+        }
+
+        if (oldKeys.Count > 0)
+        {
+            _logger.LogDebug("Cleaned up {Count} old API metrics", oldKeys.Count);
+        }
+    }
+}
+
+public sealed record ApiMetric
+{
+    public required string ApiName { get; init; }
+    public required DateTimeOffset Timestamp { get; init; }
+    public required bool Success { get; init; }
+    public required int LatencyMs { get; init; }
+    public required int RetryCount { get; init; }
+    public required bool RateLimited { get; init; }
+    public required int? RemainingQuota { get; init; }
+}
+
+public sealed record ApiSummary
+{
+    public required int TotalCalls { get; init; }
+    public required int SuccessCount { get; init; }
+    public required int FailureCount { get; init; }
+    public required int RateLimitCount { get; init; }
+    public required double AverageLatencyMs { get; init; }
+    public required int? MinRemainingQuota { get; init; }
+    public required DateTimeOffset LastUpdated { get; init; }
+}
diff --git a/src/KArtSell.Host/Program.cs b/src/KArtSell.Host/Program.cs
index 23e98415..7403f01d 100644
--- a/src/KArtSell.Host/Program.cs
+++ b/src/KArtSell.Host/Program.cs
@@ -35,10 +35,10 @@ builder.Host.UseSerilog((context, services, logger) =>
         .Enrich.FromLogContext()
         .WriteTo.Console();
 
-    // Add Telegram sink for ERROR and FATAL logs
+    // Add async Telegram sink for ERROR and FATAL logs (non-blocking queue)
     if (!string.IsNullOrEmpty(telegramBotToken) && !string.IsNullOrEmpty(telegramChatId))
     {
-        config = config.WriteTo.Sink(new TelegramSink(telegramBotToken, telegramChatId), LogEventLevel.Error);
+        config = config.WriteTo.Sink(new TelegramSinkAsync(telegramBotToken, telegramChatId), LogEventLevel.Error);
     }
 });
 
@@ -96,6 +96,9 @@ builder.Services.AddScoped<GenerateDailyRecommendationJob>();
 builder.Services.AddScoped<GenerateWeeklyRecommendationJob>();
 builder.Services.AddScoped<GenerateMonthlyRecommendationJob>();
 
+// API Metrics
+builder.Services.AddSingleton<KArtSell.Host.Observability.ApiCallMetricsService>();
+
 builder.Services.AddProblemDetails();
 builder.Services.AddFastEndpoints();
 
diff --git a/src/KArtSell.Modules.ModelOperations/ShadowRun/DataBackfiller.cs b/src/KArtSell.Modules.ModelOperations/ShadowRun/DataBackfiller.cs
index 1cee52e0..077a962f 100644
--- a/src/KArtSell.Modules.ModelOperations/ShadowRun/DataBackfiller.cs
+++ b/src/KArtSell.Modules.ModelOperations/ShadowRun/DataBackfiller.cs
@@ -43,16 +43,32 @@ public sealed class DataBackfiller(
             "Backfilling OHLCV: {TickerCount} tickers, {TradingDays} trading days ({Start:yyyy-MM-dd} to {End:yyyy-MM-dd})",
             tickers.Count, tradingSessions.Count, windowStart, windowEnd);
 
+        const int BatchDays = 30;  // Batch size: ~252 days / 30 = 9 calls (vs 252)
         var bars = new List<OhlcvBar>();
 
         foreach (var ticker in tickers)
         {
-            var tickerBars = await krxData.GetDailyOhlcvAsync(
-                ticker, windowStart, windowEnd, cancellationToken);
+            var tickerBars = new List<OhlcvBar>();
+
+            // Fetch in 30-day batches
+            for (var batchStart = windowStart; batchStart <= windowEnd; batchStart = batchStart.AddDays(BatchDays))
+            {
+                var batchEnd = batchStart.AddDays(BatchDays - 1) > windowEnd
+                    ? windowEnd
+                    : batchStart.AddDays(BatchDays - 1);
+
+                // 100ms throttle between batches
+                await Task.Delay(100, cancellationToken);
+
+                var batchBars = await krxData.GetDailyOhlcvAsync(
+                    ticker, batchStart, batchEnd, cancellationToken);
+                tickerBars.AddRange(batchBars);
+            }
+
             bars.AddRange(tickerBars);
         }
 
-        logger.LogInformation("Backfilled {BarCount} OHLCV bars", bars.Count);
+        logger.LogInformation("Backfilled {BarCount} OHLCV bars (batch mode: 30-day chunks)", bars.Count);
         return bars;
     }
 
diff --git a/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs b/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs
index b12b802b..d0a0fce9 100644
--- a/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs
+++ b/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs
@@ -17,7 +17,8 @@ public sealed class KrxDataService : IKrxDataService
 
     private const int CacheDurationMinutes = 1440;  // 24 hours
     private const int MaxRetries = 3;
-    private const int RetryDelayMs = 1000;
+    private const int InitialBackoffMs = 100;
+    private const int MaxBackoffMs = 30000;
     private const string KrxApiBaseUrl = "https://openapi.krx.co.kr";
 
     private static readonly Action<ILogger, string, DateOnly, DateOnly, Exception?> LogFetchingOhlcv =
@@ -73,9 +74,10 @@ public sealed class KrxDataService : IKrxDataService
             return cached!;
         }
 
-        // Fetch with retry
+        // Fetch with exponential backoff retry
         var bars = new List<DataBackfiller.OhlcvBar>();
         int attempt = 0;
+        int backoffMs = InitialBackoffMs;
 
         while (attempt < MaxRetries)
         {
@@ -85,10 +87,19 @@ public sealed class KrxDataService : IKrxDataService
                 bars = ParseOhlcvResponse(ticker, response);
                 break;
             }
+            catch (HttpRequestException ex) when (ex.StatusCode == HttpStatusCode.TooManyRequests && attempt < MaxRetries - 1)
+            {
+                // 429: Rate limit hit → exponential backoff
+                backoffMs = Math.Min(backoffMs * 2, MaxBackoffMs);
+                LogRetryError(_logger, $"Rate limited (429), backoff {backoffMs}ms (attempt {attempt + 1}/{MaxRetries})", ex);
+                await Task.Delay(backoffMs, cancellationToken);
+                attempt++;
+            }
             catch (HttpRequestException ex) when (IsTransientError(ex) && attempt < MaxRetries - 1)
             {
+                // Other transient errors → fixed 1s delay
                 LogRetryError(_logger, $"{ex.Message} (attempt {attempt + 1}/{MaxRetries})", ex);
-                await Task.Delay(RetryDelayMs, cancellationToken);
+                await Task.Delay(1000, cancellationToken);
                 attempt++;
             }
             catch (HttpRequestException ex) when (!IsTransientError(ex))
@@ -174,6 +185,17 @@ public sealed class KrxDataService : IKrxDataService
                 $"&isuCd={ticker}";
 
             var response = await _httpClient.GetAsync(endpoint, cancellationToken);
+
+            // Check rate limit header
+            if (response.Headers.TryGetValues("X-RateLimit-Remaining", out var remaining))
+            {
+                if (int.TryParse(remaining.First(), out var limit) && limit < 10)
+                {
+                    _logger.LogWarning("KRX rate limit low: {Remaining} requests remaining", limit);
+                    await Task.Delay(5000, cancellationToken);  // 5s pause
+                }
+            }
+
             response.EnsureSuccessStatusCode();
 
             var json = await response.Content.ReadAsStringAsync(cancellationToken);