An oscillating flow past a structure represents a complex, high-dimensional, and nonlinear flow phenomenon, which can lead to the failure of structures due to material fatigue or constraint relaxation. In order to better understand flow-induced vibration (FIV) and coupled flow fields, a numerical simulation of a two-degrees-of-freedom FIV in a cylinder was conducted. Based on the Lagrangian-based dynamic mode decomposition (L-DMD) method, the vorticity field and motion characteristics of a cylinder were decomposed, reconstructed, and predicted. A comparison was made to the traditional Eulerian-based dynamic mode decomposition (E-DMD) method. The research results show that the first-order mode in the stable phase represents the mean flow field, showcasing the slander tail vortex structure during the vortex-shedding period and the average displacement in the in-line direction. The second mode predominantly captures the crossflow displacement, with a frequency of approximately 0.43 Hz, closely matching the corresponding frequency observed in the CFD results. The higher dominant modes mainly capture outward-spreading, smaller-scale vortex structures with detail displacement characteristics. The motion of the cylinder in the in-line direction was accompanied by symmetric vortex structures, while the motion of the cylinder in the crossflow direction was associated with anti-symmetric vortex structures. Additionally, crossflow displacement will cause a symmetrical vortex structure that spreads laterally along the axis behind the cylinder. Finally, when compared with E-DMD, the L-DMD method demonstrates a notable advantage in analyzing the nonlinear characteristics of FIV.