When a guy breaks it off?

When a boy breaks it off (not because of fighting, but needing to get some things straight) and says I love you, but I need some space, and I don't think having a girlfriend is good for me right now, and says we should just stay friends, but he needs a few weeks to gather everything for himself, what does that really mean?

I mean, besides the obvious statement, is there usually a deeper meaning? And when he says maybe we will date again when he is ready for a relationship, does he really mean that?
When a guy breaks it off?
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