Bottom thread is looping.
If the thread is looping on the bottom, then your problem is on the top. Pull the thread out of the needle and and put the presser foot down. If the thread pulls thru easily, then you need to rethread your machine making sure the thread is thru the top tension wheel correctly.
Rule of thumb::
Loops on the bottom, Problem on the top
Loops on the top, problem on the bottom.
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