@mangoestoday I think it's possible to do both - have a period of 'hibernation' for readjustment, and then start saying yes to new things that are a better fit for your current life and goals.
A while ago I needed a reset. This is what i did:
I asked myself what was no longer working for me and as a result I stood down from a longstanding voluntary commitment that was a big drain on my time and energy with not much appreciation, and where the goalposts had changed over time. Standing down from the organisation gave me back my free time, plus removed a couple of difficult people, and a lot of unwelcome drama, from my life.
At the same time I asked myself what was I not currently doing that I would like to do. As a result I joined a couple of regular activities that I'd previously not had time to commit to. I also continued with one other regular fun activity that I still enjoyed.
In the short term, dropping one big commitment temporarily reduced my social contacts, so there was a few months of 'hibernation' and readjustment; but over time, i have met new people through the new activities I've taken up, and I also now have time to see more of friends and family.
When I was thinking what new activities to take up, I asked myself what activities I used to really enjoy before life got in the way, and whether there was also anything else that I'd always wanted to try. That gave me a sense of direction to renew earlier hobby interests and try new things, in a way that works for my life now.
None of this happened instantly but it is possible to plan for change over a period of time. For me it took a couple of years to gradually bring about change but life is now better balanced and more fun!