Let me give you an example. It will be contrived for simplicity but there are circumstances that will seem more real-worldish. Lets consider the following scenario:
- you visit a page at example.com that contains private data about you (e.g. bank account number, medical conditions, what have you)
- this page loads external resources only when they are scrolled into view
- it also hotlinks some image below the fold that a potentially bad actor can see requests to (maybe the image is on their webserver, maybe you're on a corp network and they can see dns resolutions, whatever)
So now I link you to:
https://example.com/privatepage#:~:text=Account%201
Did the image get requested? If yes, I know your account number starts with 1; if not, I know it starts with something other than 1. Rinse and repeat.