Am I reading too much into the situation?

So me and my friends with benefits have been doing this off and on for a few years now. We have a genuine friendship and can hang out and not do it as well. We fell off for about a year. Life. Recently we reconnected and started up again. He’s talking about coming up with a nickname for me (new) & he has, started kissing me during and not during sex (new). Says he wants to see me whenever he’s free and laying with me is comfortable and feels right. Said he just had to talk to me the first day that he seen me years ago (never knew that). We even cuddle now. But when I ask what is it that’s he’s tryna do he says he has to reflect on us & himself. WTF? Am I missing something? Cause it gives confused about how he feels about me.

Updates
1 y
To be clear, he initiated all this. I was and still am perfectly fine with our arrangement. I’m getting the feeling he’s not though.
Am I reading too much into the situation?
Post Opinion