The price is back at your average entry price, so why are you still not breaking even? Many people can't explain it!
Funding fees paid while holding a position are also a cost. The longer you hold, the more costs you need to recover; funding fees received can offset some of them.
Averaging down only makes the average price look better; it doesn't change the risk borne by the entire position. The larger the position, the greater the impact of the same price movement.
Understanding the principle helps you make informed decisions; it's not about predicting whether prices will rise or fall.
$BTC 81458.82(+0.94%)

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Markets change quickly, so don't rush to conclusions.