Yea, you are rolling the edge, the next lap will break it off or cause a chip Lift the spine just once and the edge is gone.

Look at the edge straight down with magnification. Any shiny spots are chips, rolled edge or where the bevel was not completely set.

This is a common new shaver problem. Keep the spine on the strop at all time, lite pressure, stop before you flip.
100 laps is not excessive.

Yes you are wearing you razor, by honing repeatedly, but if you are just touching up with the 12K you should not be removing mush steel.

Use tape to preserve the spine until you master honing and maintenance.

Just make sure you actually have an edge, where the bevels are meeting.

Remember you cannot see the actual edge, even with 400x, you need an SEM to see the actual edge.