That is fucking cap. EMEA as a whole has always been stronger than NA. OpTic carried NA 2022 and outside of them only XSET did something and even that was only in Champions. Those 2 were clearly above rest in NA outside of The Guard during Stage 1 who flopped on LAN. EMEA was dominated by FPX and Fnatic this year, but outside of that you had Guild, Liquid, M3C even G2 who were all contending for 3rd spots, while NA was just shitshow of anyone outside of OpTic and XSET beating each other with week preparation time and showing how inconsistent and mid they are.
EMEA has always had clear tiers of teams in VCTs because these teams are actually competitive and actually good and while being so its messing up how you see the regions. EMEA has always been way more predictable, but that doesn't mean they are worse actually its the opposite. You could take any lower tier EMEA VCT team like NaVi, BIG, BBL etc and they would have competed among most of the NA teams.
NA 2022 in nutshell: "NRG won vs 100T omg! LG won over NRG omg! C9 won over LG omg! These teams are so competitive!!" while in reality it just shows how bad and not competitive these teams were and how most of them were just mid tier and couldn't keep winning like good teams actually do. While in EMEA you would never bet BIG over Guild or NaVi over M3C because teams like Guild and M3C were actually good on consistent level and were only competiting against best of EMEA. In NA these teams would have been strong contenders for 3rd if not even 2nd spot.