The reason that NA fans (Excluding some of us, of course :), get overhyped is because they dont win alot of tournaments. So when our teams succeed, we are pretty stoked. Of course what usually happens is, Euros come in droves to shit on our results, but hey, such is hltv life I suppose, and what I am pointing out above. I rarely see threads from NA fans who come in to the forums talking shit because of a win or top two placement. Liquid have alot to prove but frankly, if they stay in NA, the skill ceiling will be slow to rise.
NA teams have a few teams to play against outside of LANs regularly. Think about it. Faze, Astralis, Navi, G2, NV, North, Heroic, Mouse, Fnatic, Godsent, Gambit, NIP, etc. (The list goes on) regularly play against eachother, i.e the skill ceiling is much higher. Who do NA Teams have to bootcamp with and play with regularly? Other NA teams (Most of which are not tier 1), SK, and Immortals. If we had access to the Euro talent pool our styles and strats would change dramatically and our skill ceiling would rise. For now, we are still doing relatively well and showing good form by beating the best in the world (Even if it isnt first place), and in spite of not having access to a larger more diverse talent pool.