Specifically, it happens:
On steep stuff when the brakes are under fairly constant load (you are braking on steep stuff) and you quickly let go and brake again, whether to give your fingers a slight rest, or to let your rotors cool a bit, but it's the quick "let go and brake again" where the engagement point moves out further. But on such steep stuff, you can't just "let go the brakes", because you'll fly off the hill, tumble down the slope into a tree. You usually have the brakes under significant load, constant braking...but as you let go and squeeze, the engagement (bite point) moves further and further out.
In the winter, in cold temps, it happens much easier, without as much steep stuff and the engagement point will move further and further out until, when it's cold enough, the lever basically doesn't move at all, it's fully "out" and you just touch it and your brakes are engaged. The big problem here is your finger doesn't generate much leverage when the engagement point is all the way out...so it's absolute crap for controlling the bike. When it gets to like -20, the brakes are just on/off switches...again, the lever only takes like a "hair" of travel before the brakes engage, basically all the way out.
On the steep stuff, as you have to "let go and brake" as the engagement point moves out, you get less and less ability to control the bike through the brakes, because again your leverage is poor.
When I thought about it, I remembered some old Formula brakes I had back in 2013 that did the same thing. It's almost like a "closed" brake system at those times...If you remember back in the early days, there were some "open" and "closed" hydro brake systems. The closed systems couldn't adjust for heat and had to be constantly adjusted during the ride...it's like that...but you can't adjust them.
Anything other than this is usually a bad bleed. Soggy levers/bleed is easy to identify. When a lever goes to the bar and has to be "pumped up" to deliver power...there's air in the lines. That is NOT the shimano wandering bite point.
It's seems pretty obvious it's related to a port/orifice size and the fluid not being able to flow/backfill or something. My Hopes don't do it. I ride a LOT of real steep stuff though and this just made Shimano brakes unacceptable. If you are on more level ground, you may never notice this trait.
Shimano techs KNOW there are issues with the brakes...but they don't offer any solutions. They acknowledged the fact that they can weep through the pistons and they said "just remove the pads when the bike isn't being used". I mean...that's just telling me it's a **** system, no I'm not removing the pads every time I'm done riding because I don't know exactly when I'll use that bike again.
And if there was a part that you could replace that simply wears out, that'd be fine, but shimano doesn't make replacement parts for their levers. They make disposable brakes and as such, they have basically gone to the bottom of my list, as in absolute last resort. I wanted to like them, I LOVE the servo-wave power delivery for said steep riding...but they screw themselves over with the issues and no replacement parts. IDK if the newest shimano brakes maybe finally solve this problem...but I don't have it on Hope T4 levers (or my maguras) and there's no reason for me to go back to shimano anymore.