I have a manual valve too and attached to the valve is a check valve .
When my tank pumped dry I found the check valve had a piece of rubber
washer stuck inside , pulled the piece out and no trouble since .
Here is the valve that I think many of us have .
The check valve is the brass part on the left
RMV336KTZB Manual Water Heater Bypass Kit w/ Brass Check Valve Includes Older Larger Brass 3-way Ball Valve, Plastic Name Plate & Brass Check Valve
Ray