No. The toggle button position is fixed in the lower left corner of the Dwell Overlay layer when the Video area is touched.
Users have no customization capability to move or pin controls.
A Shortcut Rule would accomplish this.
If you would like to request that Wyze modify the control buttons in the manner you suggest, that is handled thru a new topic post in the Wishlist. Go to the Wishlist, search the topics for one that matches your request. If you find one, vote for it at the top, like 
some posts, and add your reply post to support the request. If you do not find a match, submit a new topic for approval.