Yes.

Engine coolant runs about 190°F in a fully warmed up engine, and the exhaust gas temperature can be on the order of 1500°F or so.

So 70°F is cold in that context.

Also, the temperature gauges in some modern cars (including a GM pickup truck I own) are really 3-position indicator that show  “cold”, “normal”, and “ploblem” as determined by the ECU (“engine control unit”).  This is very obvious when you hook up an electronic gauge to the OBDII port that reports the actual numbers the ECU sees.  When those numbers vary within the expected range, the needle on my dash gauge stays is the “normal” position.

My context; I tow with this truck, so keeping an eye on the real temperatures was a good idea while I was getting to know its capabilities.  If you want to see the real numbers on your dashboard, I used a nearly-20-year-old ScanGauge ][ until I learned that cooling on my truck is pretty good: https://www.scangauge.com/