the vast majority of people who post here are hobby miners that control little of total hash, the big farms with near zero electricity cost control most of the hash and are still making profit, they will be the last ones standing.

there are also small miners with access to free power (usually at the expense of someone else) that will also survive, these guys can't scale tho

what separates this bull run with the last one is the industrialization of mining, i recall stories of farms buying gpu's by the plane load for example
you also have fpga/asics continuously improving