Guys, When he says he cares does he means he loves me?

My friend and I chat everyday day for the last 2 years in that time he has often told me how much he misses me when we are apart, and how he cares for me. He gets jealous of other guys and says things to ward me off them but admits that he has a lot of stuff going on for which he is not ready for a relationship and I accept that. Lately he is really down and he said 'I am sorry for you because I feel you care for me. I do care for you. Don't know what else to say.' Hmwe have shared many personal things and in many respects act as if we are in a relationship. Is he scared of saying he loves me and this is his way?
Guys, When he says he cares does he means he loves me?
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