I think that's a good read of the situation. Putin completely misread the room and now his conscripted army is fighting for a cause no one wants. The truth is that soldiers fight for each other, not a national cause, but at some point the Russians will be fighting for survival instead of capturing another country. The Ukrainians are beating the Russians at their own propaganda game by showing surrendered Russians, abandoned vehicles that ran out of fuel, and drone footage showing the destruction of Russian weapons. The Russian soldiers likely don't see these images or read the reports, but the rest of the world does.
The spring will bring the thaw and muddy conditions. The Russians will be forced to use the roadways which are well mapped with GPS coordinates tailor made for guided munitions. I think this is driving Putin's sense of urgency to take the capital.
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