You're wrong here. People do dump during a bull market, smart whales do. Imagine who this benefits most. It helps whales dump on the market and get out as price rises. This is not good for the little people that don't realize that their STEEM's value is about to plummet over night as a massive sell wall gets created. Giving whales this power will result in the inevitable death of Steem and leave poor people poorer.
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Whales dump only part of their stake. If they dump everything, the coin will clearly stop going up in price.
That is one of the things we need to be cautious of. How can we know that certain whales are not pushing this 4 week shift because they want to dump everything and leave everyone else will greatly devalued STEEM? We wouldn't know until it was too late. 13 weeks on the other hand slows a whale's ability to dump all of their coins.
If they dump at this price then it's the best thing that could happen to steem. We are near all time lows.