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Because you cant refund to BitCoin.
No it depends on your country. Not all countries have the same payment and refund options.
http://store.steampowered.com/steam_refunds_methods
Click the link. It will recognize your IP and show you if you can get a refund to BitCoin at your location.
You can not refund to Bitcoin, only the Steam wallet. Bitcoin does not support such things as refunds directly, especialy due to the nature and fluctuations of Bitcoin.
Valve did not directly recive your payment. It went through a 3rd party who game Valve money for the game.