Small untuned loop for receiving – simple model with transformer gave a simple model for analysing a loop and and Towards understanding the YouLoop-2T at MF/lowHF applied that to the YouLoop-2T.
Above is the Airspy Youloup-2T. Try to put the two turns thing out of your mind, it is misleading, panders to some common misunderstanding, and so does not help understanding.
It would seem that many are quite confused by information from Airspy. The following quote from an online forum captures the confusion. Continue reading YouLoop-2T and the self resonance bogey at MF/lowHF