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Because Valve decided so.
That would be sale ending for half of year.
Nah, ~2 weeks is just perfect length for a big sale in my opinion.
I'm not going to give you a marketing 101 in here, so if you really want to know, google away. The end conclusion you will reach is that a two week sale followed by 10 weeks of summer and regular dailies/weekend sales makes more money than 12 weeks of all-out sale.
Yes, this is the summer sale.