How are the miners going to get a good price on equipment if the market is flooded with miners? they might aswell just keep mining at a loss vs having to sell equipment at a loss? both outcomes seem the same but if they sell they have to do more work.
I guess when you say "miners" you mean hardware? if one is faced with a financial loss, one chooses the least damaging path. If running a miner and paying electric bills is more expensive than simply bailing out and selling the hardware, you sell the hardware. Selling hardware seems like LESS work than maintaining it, but I guess it's a matter of opinion.