What averaging down actually does
Buying more of something that has fallen lowers your average entry, which lowers the price you need to get back to level. It does not make the position safer. You now own more of an asset that has been going the wrong way, so the same percentage move costs you more money than it did before.
The average is weighted by size, not by how many times you bought. Two buys of 0.25 at $60,000 and 0.5 at $52,000 average to $54,666.67 — much closer to the second price, because the second buy was twice as large. That is the number most people get wrong when they do it in their head: they split the difference and land on $56,000.