> Oh wait!
> He's bluffing with separatist regions.
> Oh wait!
> He's bluffing with invading Ukraine.
> Oh wait!
These are all straw men. I don't know any serious analysts who thought he was bluffing in any of those areas, primarily because they all understood the Western response would be muted.
He knows, as the rest of the world does, that launching nuclear war will require an all-out response from Western powers.