This I can agree with. The problem is, there's so much snobbery that looks down at folks who consider even the most simple signals like the one I showed you above. And that's ultimately a bias (and a dumb one)
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It's still useful. But more for technical reasons than to infer much about trader intent.
the stuff I'm trying to hide is a million times more valuable than the stuff I'm not.
It's a really important point tho.
What you can see resting in the book is what others don't mind you seeing.
I mean it’s also useful because in some markets there are a lot of dumb traders who show their hand 
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ah I see. in thry, there could be a similar argument for some basic TA signals (massive high volume range breaks). I agree that true edge is likely elsewhere, tho personally find value in some of it
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The difference is that there is a direct link between the gate of the order book and current supply/demand. Seeing a new high on large volume mostly tells you about past supply/demand (it may be informative about the future but the link is far less clear).
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There are some uses in hft style stuff too, especially when there's more granular information about the composition of the depth. But that's not going to help almost anyone.
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People adjust the visibility of their resting orders to adjust their trade-off between queue priority and counterparty selection
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