Brendan Rodgers' side defeated Manchester City 3-2 at Anfield to move seven points clear of Manuel Pellegrini's men, although City still hold two games in hand.
On an emotional afternoon, as Liverpool paid tribute to the 96 supporters who lost their lives in the Hillsborough tragedy, Gerrard had tears in his eyes at the final whistle before gathering his team together in a huddle.
The Reds have four games remaining - against Norwich, Chelsea, Crystal Palace and Newcastle - and know a continuation of their 10-game winning streak will see them take the title for the first time since 1990.
Philippe Coutinho hit a dramatic late winner after City had hit back from 2-0 down to level through David Silva and a Glen Johnson own goal following Raheem Sterling and Martin Skrtel's first-half strikes.
Gerrard insisted that they need to retain their focus in the title race, with relegation-threatened Norwich their next opponents at Carrow Road on Sunday, live on Sky Sports 1HD.
"We need to keep calm, there are still four big games to come. That meant so much, especially when they got back into the game," Gerrard told Sky Sports.
"I think we showed today we are going to go to the wire, we are going to go all the way. Nothing is won yet, but that was probably the biggest statement we have made so far.
"That's the longest 90 minutes I've probably ever played in. It felt like the clock was going backwards in some parts of that game.
"But that is such a big result for us. We've got four cup finals left. People said that was the biggest one, but I disagree - I think the biggest one now is Norwich.
"Nothing is ours yet. The important thing now is not to get carried away with that result.
"We need to stay calm, focused and prepare for Norwich, they are fighting for their lives.
"The scenes are great today and the fans are very happy, but we have a day off tomorrow and then we go for Norwich."