SOURCE

<div class="bb"></div>

.bb, .bb::before, .bb::after {
  position: absolute;
  top: 0;
  bottom: 0;
  left: 0;
  right: 0;
}
 
.bb {
  width: 200px;
  height: 200px;
  margin: auto;
  background: url("img/Button-White-Large.png") no-repeat 50%/70% rgba(0, 0, 0, 0.1);
  color: #69ca62;
  box-shadow: inset 0 0 0 1px rgba(105, 202, 98, 0.5);
}
.bb::before, .bb::after {
  content: '';
  z-index: -1;
  margin: -5%;
  box-shadow: inset 0 0 0 2px;
  animation: clipMe 8s linear infinite;
}
.bb::before {
  animation-delay: -4s;
}
.bb:hover::after, .bb:hover::before {
  background-color: rgba(255, 0, 0, 0.3);
}

@keyframes clipMe {
  0%, 100% {
    clip: rect(0px, 220.0px, 2px, 0px);
  }
  25% {
    clip: rect(0px, 2px, 220.0px, 0px);
  }
  50% {
    clip: rect(218.0px, 220.0px, 220.0px, 0px);
  }
  75% {
    clip: rect(0px, 220.0px, 220.0px, 218.0px);
  }
}    
  
.clip{
	position: absolute;
  top: 0;
  bottom: 0;
  left: 0;
  right: 0;
	width: 200px;
  height: 200px;
  margin: auto;
  background: url("img/Button-White-Large.png") no-repeat 50%/70% rgba(0, 0, 0, 0.1);
  color: #69ca62;
  box-shadow: inset 0 0 0 1px rgba(105, 202, 98, 0.5);
	clip: rect(0px, 2px, 220.0px, 0px);
}