As it stands, the Ukrainians have played their hand well with Stalingrad V2.0, forcing the Germans Russians to divert their manpower and equipment from other lines to reinforce the meat grinder.
While Stalingrad Bakhmut was the focus point of the Russian Army (thanks to Putler's mad obsession), the Ukrainian Army was allowed to rebuild their forces and move their assets into a focus on the weakened Russian lines.
I will bet good money on the Ukraine offensive being an Operation Uranus V2.0, where their forces swarm around and cut off Bakhmut.
I would also suspect that while Operation Uranus V2.0 is launched, a similar offensive will be unleashed that will exploit the afore-mentioned weakened Russian lines at key positions.
If my suspicions are correct, Russia will lose a considerable amount of men trapped in the Bakhmut, not to mention casualties in the thinly defended lines elsewhere.