File contains corrupted data Details: Binary

I cannot tell from your post if the PBIX is corrupt, or the XLSX. If it is XLSX, that is probably not the issue. I had a similar error this week and opening/saving/closing the Excel file fixed it. it was an intermittent issue.

But storing files on one drive, your c drive, or sharepoint and then moving them should not cause anything in your model to be deleted. You would have to recreate the Power Query link and edit the M code as a C drive, OneDrive, and Sharepoint connection are all a bit different, but that is just the first 2-4 steps until you read the binary .xlsx file in. (Binary in the sense that XLSX is a ZIP file and Power BI has to crack it open, not binary in that any of your data is binary)