You've been penalized. You're going to see final rankings in about 2 weeks, then you'll have to wait until next update to reverse it.
We've seen a small comeback on 2 money sites. Our main site was penalized due to Negative SEO from our competitor. Even Google's Mueller confirmed that well...
It usually takes until the next update until you can regain the original ranking, until then you can slowly regain lost rankings, but google will put a "brake" on your website until the next update (This is what happened to us with the last update)
Not relevant in our niche (health). Here it seems like a reversal of January update. With some new brands entering the first page. Also quality content seems to have much less relevance compared to Jan update.
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