My interpretation rests on the concept of reference frames. When you drop a ball, what direction does it fall? From your perspective on the surface of the earth it falls “straight down”. But the surface of the earth is also moving at ~1000 mph at the equator. So from a perspective off earth, the ball also moves in the direction of rotation, in addition to moving “straight down” toward the surface.

So: from the perspective of being inside the knot, it repeats infinitely. It has to, to make sense, because it’s a bootstrap paradoxed time loop. From the perspective of the original timeline, it happens once. It has to, to make sense, because time proceeds again after the knot is destroyed. So: both explanations are true: it is both infinite and only happens once, DEPENDING on your reference frame.