I think Hive is different in it's user base. While a large majority of Cryptos are held and traded by Cryptophiles more or less, Hive's users vary from all walks of life, from individuals that need to be active on Hive to supplement their incomes out of necessity to hardcore HODLers. With Inflation hurting everyone, more and more folks may be drawing from what they have staked than they normally do, or not do. I am fortunate to continue to accumulate and never have drawn from my capital but I cannot guarantee that I may have to down the road IF necessary.
I am obviously biased, but I do think Hive is special in this way. There IS a long term community here so the value is definitely here. The reality is that people do need to sell from time to time. I did myself a few months back, but that said if sentiment turns around I can see the Hive community HODLing as hard as anyone.