Hi Chris, no you don't need 70A wire! 😊 That might be horribly thick and stiff for a scale boat.
You need wire the same size as probably on both your motor and battery. Same the 'standard' wiring in cars. Available I suppose at Halfords and any car diy shop.
WHAT YOU DO NEED IS A 15 OR 20 Amp FUSE TO PROTECT THE WIRING IF THE MOTOR STALLS (PROP GETS BLOCKED) 😡
If your ESC has a BEC supply for the RX put the fuse in the positive motor lead, probably red or yellow. if not, i.e. you have a separate battery supply, put the fuse in the positive lead from drive battery to ESC.
Then at least the RX will still work and maybe you can see from shore if it still responds; e.g. by switching on lights or some other visible function.
With twin or more props fusing the motor wire itself can sometimes help get the boat home on a remaining engine.
Somewhere in the Electrical stuff blog is a long discussion on the subject!
Have a look here
https://model-boats.com/forum/electrical-related/28332
"What type of wire?"
Happy sailing 👍 Cheers Doug 😎
PS: Almost forgot, if you have a brushless motor you have no choice but to put the fuse in the positive wire from battery to ESC! Brushless ain't got no positive!