GPU hotspot temps are typically 10-20°C higher than the average GPU temp.
Here Gamers Nexus tests the reference 6700XT card, with GPU temp in upper 70°s and tJ at mid 90°s.
The fact that your hotspot is nearly 60°C over the GPU temp is concerning. It seems MSI may have improved the core cooling but missed other component coverage.
Ryzen R7 5700X | B550 Gaming X | 2x16GB G.Skill 3600 | Radeon RX 7900XT
Ryzen R7 5700G | B550 Gaming X | 2x8GB G.Skill 4000 | Radeon Vega 8 IGP
Ryzen R5 5600 | B550 Gaming Edge | 4x8GB G.Skill 3600 | Radeon RX 6800XT