I want to put the floating label just like this:

The normal behaviour would be this but the input area is way to big for my purpose.

I don't have an idea how to set this up. For Bootstrap 4 there was an extra framework but this won't work with V5.
Thanks in advance!
You can overwrite the corresponding bootstrap 5 css class:
Set translateY(-.5rem) to -2rem or -20px or whatever fit's your layout. You can also set background: white;