1
After selecting your preferred caption style, click Edit Style..png?fit=max&auto=format&n=bE-lYIPMaoCxMlxt&q=85&s=f3d8f0497f01fab050dd452f042e542a)
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2
Use the slider in the left menu to set the vertical position of the caption to your liking.

Adjusting the caption position applies to the entire video. Once set, your captions will appear in that position throughout the full duration of the video.