Wow, that's an incredibly sharp drop in acceptance rates. I'm rooting for all the SWO hopefuls to make it through. Your backs are up against the wall due to the overwhelming majority of accessions being slotted in as SWOs from NROTC, USNA, STA-21, and washouts from other programs as well as the currently high supply of SWOs, but there's some seriously impressive and motivated people on this forum board and people I know IRL. Wishing you guys all the best.
And while the Navy and Navy Reserve have hyper-competitive selection, the Army is having trouble filling its ranks. But I personally can't blame folks. San Diego beats Kentucky or Qatar by any measure.