The file upload limit is 20mb.
I do tend to find this fairly limiting for videos. From someone with some experience sharing videos here, you have two major options:
- Use catbox.moe to upload instead; it works well.
- Re-compress or resize the video.
60mb for 2min suggests to me that it's fairly big or high bitrate.
Take a looks at some of my recent posts for reference - https://fedinsfw.app/u/BlueWindsBreeze - all videos are below 20mb (usually exactly on the mark) - my most recent one is about 5:30, and 19.9mb at 510x910 resolution. Lower than the source quality? Sure, but it still looks fine.
I also have a 1280x720 video, 1:55 in length, again just under 20mb. Resizing and re-encoding is more an art than a science, but ffmpeg has fairly sensible defaults, and it'll often come up with a version that's half the size of the source without significantly degrading quality.
Hopefully some of that was helpful, beyond the factual first sentence which directly answers the question. :D