The war has turned decisively against Ukraine. From Big Serge at bigserge.substack.com:

Loitering in the ruins of Pokrovsk
Note: This article will be relatively short compared to my standard offerings, but I wanted to get some thoughts on paper as the situation north of Pokrovsk develops. Ukraine is facing one of the worst operational crises of the war and the situation is liable to change rapidly. We clearly do not have a perfectly comprehensive picture of how the front is moving, but I think taking the pulse in real time is still valuable.
After three years of war, with the commentariat on both sides eagerly predicting the looming collapse of the enemy, it behooves one to develop a prudent aversion to histrionic predictions. However, it seems fairly obvious that the war in Ukraine is at a critical juncture, and August 2025 will receive considerable play in retrospective accounts of the conflict, as perhaps the last opportunity for Ukraine to cut a deal and slither out of its strategic grave.
On Friday, August 15, Donald Trump and Vladimir Putin are slated to meet in Alaska to discuss steps to end the war. Whether those talks will be productive remains to be seen, although Trump’s acknowledgement that Ukraine will have to cede territory to Russia signals that the White House is at least drifting towards a realism. Predictably, the Alaska meetings are being decried by the Europeans and the Professional Fascism Noticers as a redux of Chamberlain’s Munich Agreement with Hitler, but this does not really matter. In the same sense that, for the alcoholic it is always five o’clock somewhere, for a certain type of person it is always 1938. For these people, World War Two is the only thing that ever happened, it is always happening, and it is always just about to happen.
Just as a brief aside, this is one reason why Alaska is actually a meaningful and pointed place to hold the meetings. The more paranoid sorts believe that there’s some sinister meaning owing to Alaska’s origins as a Russian colony, but the actual symbolism of the site lies in the fact that America does not need to interact with Russia through Europe, and indeed never has. America and Russia can relate to each other bilaterally, without Brussels or London or Kiev as an intermediary.
On the ground, the Alaska meetings coincide with a major rupture of the front. We want to avoid using overly dramatic verbiage, particularly the much dreaded “collapse” label. To be clear, it should not be expected that the AFU is on the verge of being routed completely from the field. Russian forces are not going to roll over the Dnieper next week or sweep into Kiev or Odessa. Ukraine is not “collapsing”, but it is losing, and more specifically it is about to suffer a major defeat at Pokrovsk.