Dude, just google. That's literally the opposite of what steam has in bold on their page. AFAIK they're using release override since playtests and early access both allow steam users to either apply for access or download the game respectively.
View attachment 1547629
Someone please, report this to Valve. Anyone, if you want this game to actually happen, this is the only way to force them to finish it at some point. Otherwise, this will remain forever in a "closed beta test". Mark my words.
If you assess the situation, the game is practically in the exact same state it was 2 years ago when the 1st demo was released on Patreon. The interface has been changed, new costumes, new animations have been done, Erika and Anya were added and new monsters have been added.
PH has the money and support to release content in a MUCH faster pace, yet it hasn't happened. That said, I'm 100% sure unless Valve forces them into EA, they will never finish the game. And they trully are obliged right now to enter EA since they are selling beta keys outside of Steam, which as you have read, is against Valve's agreement.