Sundering stuff established in the Q&A

[EaraGrace]

In other words, Yoshi-P favors the idea of it being a stable time loop, and most of the in-game events do support this interpretation. Moreover, this would mean it's not the first loop, and it won't be the last. Stable time loops are eternal unless some external force swoops in to disrupt them.

Agreed. This song feels particularly apt.

We lean to turn in the velodrome
All lines are curved in the velodrome
We pitch and roll, wheels
Flesh and bone
Total control and it's
It's ours alone