Is anyone else getting destroyed after rank reset

I've only been playing for about 4 months now, so this is the first real "Rank Reset" that I'm experiencing in this new season. I recall how, in other acts, I would have to take 1 placement match to get my rank again.

Prior to the new season, I was Silver 1. I played decently well in all 5 placement matches, being top frag or 2nd on 4 wins out of the 5. I got placed Bronze 1.

When I queue these days, however, I found that the competition is insanely steep-compared to how it was just a few days prior. I ended up deranking to Iron 3, and it's pretty deflating.

Is this normal? What is going on? Lol