<div class="box shadow"></div>

.box {
  width: 150px;
  height: 150px;
  border: 2px solid green;
  background: lightblue;
  border-radius: 40px;
  position: relative;
  transform: translate(0);
  transform-style: preserve-3d;
}
.shadow:before {
  content:"";
  position: absolute;
  inset: -5px;
  transform: translate3d(10px,8px,-1px);
  background: conic-gradient(from 90deg at 40% -25%, #ffd700, #f79d03, #ee6907, #e6390a, #de0d0d, #d61039, #cf1261, #c71585, #cf1261, #d61039, #de0d0d, #ee6907, #f79d03, #ffd700, #ffd700, #ffd700);
  filter: blur(10px);
  border-radius: inherit;
}

body {
  margin: 0;
  min-height: 100vh;
  display: grid;
  place-content: center;
}