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This stage of the champions league is such that wouldn't get Madrid panicking, they are too experienced to have to suffer some fears because of the injuries they are suffering now, beyond this stage is when i would ever think of Madrid nursing some fears if they are still suffering this level of injuries with their player and the whole team. If Liverpool gets to win them in the coming fixture, i wouldn't see it as a big deal as they will still be in the qualifying range on the table so they are going to be bale to still have a chance to get to the next stage where their fate in the champions will be fully decided.
Real Madrid are still favorites in the Champions League even though their performance this season is not very good. I know Real Madrid is a good team to hope to come back and improve their performance, so things will change so quickly for them. Real Madrid has lost 6 points from 4 matches, while they still have 4 matches that they can all win. The match against Liverpool is certainly very tough, but that doesn't mean Real Madrid will fail to win it.
If in the end Real Madrid loses this match, it will be their third defeat this season in the Champions League. Everything was getting heavier and more chaotic, but I didn't expect the defeat to become a reality.