Actual hand you can see here.
https://kayosports.com.au/event/sport!othersport/event-world-series-of-poker-final-9!73413
Goto 3 hours 29 minutes into the video stream replay if you have Kayo.
Having now seen it a second time , he starts the hand off with a raise, another guy with pocket 8's just makes a call and big blind that happens to have second highest chip count raises a lot more, but he can with such a big chip count I am surprised Livingston gives up his pocket Queens so easily. He must be thinking BB has pocket K's or Aces and if they play out to the river with various rounds of bets this could be his last serious hand and does not want to be ending 6th at this point. Seems like he just conceding that this battle deep into this day he just rather not do right now and make sure he back there the next day.
No way would want to fold pocket Queens at that point but can see some different perspective he taking of wanting to make it through another day as three others on table have similar and smaller chip counts to him. If he plays tight he may just jump in pay rise enough with others being knocked out in coming hands or early next day. As it was 6th player got knocked out about 30 minutes later so the context looks not as crazy looking a day later.