They are just relieving us of weak hands. Keep an eye on the tech/projects, not so much the price. I know it's not easy at times like these, but things will come around and all will be OK again.
You are right, at this moments only the best projects will survive. The price now does not matter when the bull market will be run - tech/projects will be grow in price too. In the present conditions it is difficult psychologically, everything has depreciated to the utmost, but it is necessary to maintain calm and indifference.