It's not about how long is stays, it's making it possible for the alcohol to enter cell walls and damage them, easier.
See
https://munglobal.com.au/resources/knowledge-base/pathogens/why-70-isopropyl-alcohol-is-a-better-disinfectant-than-99-isopropyl-alcohol/quoting from it
70% isopropyl alcohol kills organisms by denaturing their proteins and dissolving their lipids and is effective against most bacteria, fungi and many viruses, but is ineffective against bacterial spores (CDC, 2020).
Use of the more concentrated solutions (99%) will result in almost immediate coagulation of surface or cell wall proteins and prevent passage of the alcohol into the cell. When the outer membrane is coagulated, it protects the virus or bacteria from letting through the isopropyl (Widmer and Frei, 2011). Thus the stronger solution of isopropyl is creating a protection for the germ from the antiseptic properties of isopropyl, rendering the virus or bacteria more resilient against the isopropyl alcohol. To put it simply, higher concentrations cause an external injury that forms a protective wall and shields the organism. Furthermore, 99% isopropanol evaporates very quickly which does not allow it to penetrate cell walls and kill bacteria, and therefore isn’t as good for disinfecting surfaces. In other words, it breaks down the outside of the cell before it can penetrate the pathogen.
In comparison, a 70% isopropyl alcohol can effectiveness cross over the cell membrane, thereby attacking the entire cell and killing the bacteria (CDC, 2020). The benefits of using 70% alcohol are
Coagulation of surface proteins proceeds at a slower pace, thereby allowing the alcohol to enter the cell.
70% alcohol, being a dilution of absolute alcohol, contains water which is essential in the denaturing process of proteins.
Due to the concentration difference of water and alcohol on either side of the cell wall, 70% alcohol enters the cell to denature both enzymatic and structural proteins. This increases the potency of its antimicrobial properties.
The CDC recommends 70% for disinfecting one’s household and routine cleaning (CDC, 2020)