Need a little advice please??

Okay... So me and a guy were in a long distance relationship for 8months then decided to finally make it official.. Then it got stressful and after a month we broke it off.. I love this guy. He's my bestfriend and he says he loves me too and considers me to be that love of his life. He says right now he just can't do a relationship with me but doesn't want to loose me as a friend either... He says he felt he was loosing himself and forgetting the reason he was in school and playing basketball.. It was just all too much for him and he can't see his self in a relationship but he's not talking to anyone else or wants to be with anyone else.. I just don't know how to be just friends with him and don't know if I should wait on him or move on with life? Sorry so long!!