For the guys that expanded too aggressive, they should be hurting now but it will take at least 6 -9 months before they run out of money. Currently, they are dumping bitcoin to keep the lights on. Most business plans are written with bitcoin priced at $10K or higher. The weak miners will go belly up first if BTC continues to be under $10K. Because they are selling BTC to keep afloat; hence, the BTC price will be depressed for the coming months.