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What we've seen from others in the community is that the warning is a friendly reminder. If you were to continue refunding in the next month or so, you'd get a few more reminders. But at some point if you kept at it, the system would remove your ability to refund.
If you're saying it's just been a recent trend with the expectation that you won't be refunding again for a while, the system should stop reminding you.
Essentially there's a fuzzy limit, like some kinda of ratio of refunds : purchases over some rolling period.
Each individual refund might have been legitimate, the warning just mentions some of the things that might lead a person to misuse the refund system, it's not an accusation. If this is really an anomaly in your shopping/purchasing habits then I wouldn't worry about it. Otherwise you might need to adjust your shopping/purchasing style a bit now that you know refunds aren't a free-for-all.
Nothing against you, lots of people bump into this and don't realize there's rules and limits. some people get bent out of shape about it, some people acknowledge a little bit of ignorance and are a bit more careful and never hear about it again.
You might buy 10 games and return 6 and get dinged with a warning. But if you buy 50 games and return 6, probably not.
Whatever the case may be, if you get one of those reminders in the email, it's a sign to start backing away from refunds. If you're going through a temporary increase of refunds, I wouldn't worry about it. The ones who ignore the warning and just keep submitting refunds unabated because they bought 100 games on sale and are demoing them all, those are the ones that get the ability revoked.