In the book "Great Networks and Graphical Boundaries", Exercise 7.16 is the question in the title.
Let W be a graphon whose odd-cycle homomorphism density is 0.
By proposition 14.21, W is a limit of bipartite graphs. Let their graphon induce bipartitions of [0,1], $ (A_n, B_n) $.
According to Theorem 11.22 and the definition of the cutting distance, it suffices to prove that: A and B are the upper limits of $ A_n ^ 2, B_n ^ 2 $.
So there is $ X, Y subseteq [0,1]$ such as $ X ^ 2 in A, Y ^ 2 in B, m (X cup Y) = 1 $. But I can not go further.
How to solve it?