Describe your bypass valve system
1 Valve.. No it's not that valve, it is a different valve
2 Valve.. No comment
3: Valve: might be the outlet valve closed.
3 valve systems I will call them top (HOT) middle (Bypass) and bottom (Cold)
You must have the hot and cold valves open and the bypass closed. Also check all showers to make sure the mixing valves are closed.. A common fault is the outside shower cut off at the shower head but the mixing valves left open allowing cold water to bypass via the shower.
Single valve (Actually there are not single valve, just single handle) systems have a 2nd hidden valve.. NOTE That this valve MAY exist on all 3 systems, it is an outlet check valve,, It is the very first thing coming off the heater tank.. In many cases this valve will "Gum up" and stick closed. I have both seen and heard of cases where this valve stuck closed..
One camper I know of simply gutted the valve (Pulled the parts out of the inside using needle nose pliers, they winterize by the dry method so they did not need it.. The valve can be next to impossible to get off the heater.
IF this is your problem, and you wish to retain check valve function, Then gut it as they did and install a 2nd check valve (Plumbing or hardware supply stores) or install a quarter turn valve.
Home was where I park it. but alas the.
2005 Damon Intruder 377 Alas declared a total loss
after a semi "nicked" it. Still have the radios
Kenwood TS-2000, ICOM ID-5100, ID-51A+2, ID-880 REF030C most times