I think it is more than just weak hands; I think the market is not able to recover because it is exchausted. I think it needs time for it to recover again; so project should be self sustainable now.
Now, during this long bear market, it will be really important that projects be economical with their funds. Only the best projects with a convincing idea and a strong team will survive this bear market.
Agree, This is really now a survival of the fittest plus it's on bear market now. Those project that have a low and not good idea will going to be leave behind by those project who have a great way of showing their ideas.