The odrive icons are constantly refreshing in Windows Explorer (probably because files gets uploaded/downloaded). This interfers with other Windows Explorer features like file renaming (push back the cursor to beginning of the file name all the time).
Can I disable those files/folders status icons?
There isn’t an easy way to disable the icons, but you can do it by using a utility such as SellExView.
Here is a post about that utility from a different thread (unrelated issue).
You would disable the active overlay and synced overlay items.
I would recommend adding them back once your bulk operations are complete, as they add a lot of value.