70 Panopaea is a large main belt asteroid. Its orbit is close to those of the Eunomia asteroid family; however, Panopaea is a dark, primitive carbonaceous C-type asteroid in contrast to the S-type asteroids of the Eunomian asteroids. The spectra of the asteroid displays evidence of aqueous alteration. In 1862, Swedish astronomer Nils Christoffer Dunér gave a doctoral thesis on the orbital elements of this asteroid.

The orbit of 70 Panopaea places it in a mean motion resonance with the planets Jupiter and Saturn. The computed Lyapunov time for this asteroid is 24,000 years, indicating that it occupies a chaotic orbit that will change randomly over time because of gravitational perturbations of the planets.

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