In many aspects, this was another memorable night in Europe at Anfield. Arne Slot's side have returned to top form in the most dramatic way.
Trent Alexander-Arnold was reminded that fan loyalty always belongs to the club, not to individuals. And the match also saw some impressive individual performances, especially by Conor Bradley.
However, from another perspective, Liverpool's impressive victory did not have much meaning. In the new Champions League format, this result has almost no significant impact.
The new format - entering the second season - has clearly shown that. Although Liverpool showed their superior strength against Real Madrid, the resistance efforts of the Spanish representative lacked the necessary determination.
Real Madrid have had 3 wins in hand, and a ticket to the knockout round of the playoffs is almost at their hands, despite having to suffer their second consecutive defeat at Liverpool.
Los Blancos still have 4 matches ahead - visiting Olympiacos and Benfica, along with two home matches against Monaco and Manchester City. With just a few more points, they will be sure to pass the group stage.
In the ideal scenario, the Spanish Royal team wants to finish in the top 8 to avoid the play-off round. However, even if that goal is not achieved, this is not a disaster.
Last season, Liverpool finished in the group stage as the top team, but were then eliminated in the round of 16 against Paris Saint-Germain. PSG have since won the championship, despite losing 3 matches in the group stage.
That scenario could force Arne Slot to consider more carefully rotating the squad in the final stages of the Champions League group stage. Last season, Arne Slot and Liverpool almost deployed their strongest squads in every match, except for the final match of the League Phase. However, this season, the Dutch coach will probably have to calculate more carefully.
A win over PSV at Anfield later this month would give Liverpool 12 points from five games, almost certain to qualify for the play-offs. At that time, Arne Slot may consider giving some key players a break in the remaining 3 matches of the Champions League group stage.
Entering the top 8 seems like an ideal scenario, but among the teams that achieved that position last season, there were 4 teams eliminated in the next round. This will be a problem for Arne Slot and the coaches of top European clubs, who are all looking to avoid the risk of stopping early in the round following this Swiss model.
Of course, that cannot overshadow Liverpool's excellent performance against Real Madrid - a night when the stands and atmosphere at Anfield once again exploded.
Alexis Mac Allister - who scored the decisive goal with a header - was right: "It was a victory. But we know that doesn't mean much. What is your experience from last season? We were at the top of the table, then were eliminated quite early."
Liverpool fans and players have every reason to celebrate, because any victory against Real Madrid deserves to be respected. However, the bitter memories from last season will help them stay alert and focus on the road ahead.
