21 SR5 warning light

Hey all had something weird happen today.

I was pulling Into my friends shop and the curb into the shop is alittle high and when I went to go in the ground must have been alittle slick with fresh pavement but I had this warning light come on the dash when I lost traction. I'm new to 4 runners in general but from what I've read this is the master warning light and there is a separate light for slip.

My question is does this light come on also if you lose traction or am I possibly looking at a different malfunction?

 

Any ABS issue will activate it, so probably yes. That’s that mine does with traction loss.

 

Thanks for replying. Had me worried for abit. Hoping it was just a loss of traction and not a bigger issue. Was super weird how it all happened. The factory tires sure don't seem to be very great specially if they are spinning in that type of situation.