Please check whether this issue reproduced on other Office files on OneDrive? Or does just this specific Excel file have the issue?
I suggest you make a copy for this file, then rename the copy, drag it to your OneDrive folder for a test.
How did you open this Excel file?
It's recommended to go to Excel first > Open > locate to OneDrive cloud, local OneDrive folder or "Shared with me", find the Excel file to open and have a check.
Currently, I also suggest you make sure the Preview Pane is turned off in Windows Explorer.
Any updates, you may post back.
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