There's a saying that "No king rules forever." And depending on when you jumped onto the League Esports train, you're seeing that now. There's no need to worry; this is the fabric of competition and the reality that teams have to accept and retaliate with in order to get back to where they know their mark on the League really is.
Personally I find it too soon to say "Oh my god everything is falling apart" for just one split. The teams all had the tools for their success and even showed it. The problem was they were more or less not consistent enough with their performance. Each team had a burning hole to where they could be beaten: TSM's patience vs pressure game, SKT's top side and sometimes Faker, CLG's new shotcalling leading to LPL-esque narrow macro, and C9's questionable macro come Patch 8.4. I'd slide AHQ in the discussion as well but I haven't watched enough of their games but do understand they struggled from a loss of effective shotcalling like CLG.
Still not the worst of them though. I've seen Royal/RNG fall to the cusp of relegation a couple of times before getting the right tools to work. FNC had their downswing for the last 2 years at the rising dynasty of G2. OMG and their barely struggling to even keep middle of the pack. ROX Tigers by analysts were believed to eventually fall into the relegation line. Hasn't happened yet. Then there's Origen....bah I'll skip that one. But there are more stories.
As for Worlds, best I can say is "same shit, different teams" (I say this as I think about the LLN). Good enough to top your region, good enough to show up there. Example: Longzhu Gaming. They weren't the talk of much until this present Kingzone roster in the past Summer took everything by storm. And that's all people needed deep down (or it was just Korea).
Now the road for TSM, CLG, and C9 is potentially the hardest it's ever been as they now realistically have to make playoffs in the summer in order to even be in the discussion for a Worlds run (cause what's 10 points but a slight edge at best. SKT's fate still hangs in the balance on their game tomorrow.